In 2023, banks held over 80 percent of the mortgages outstanding in Canada. Mortgage Investment Entities (MIEs) and private lenders only had a market share of 1.62 percent. The average mortgage rate in Canada has increased notably since 2021. This has led to the housing market slowing and the value of mortgages outstanding to plateau.
Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type
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Canada Mortgage and Housing Corporation. (April 22, 2024). Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1085841/market-share-of-lenders-in-canada-by-lender-type/
Canada Mortgage and Housing Corporation. "Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type ." Chart. April 22, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1085841/market-share-of-lenders-in-canada-by-lender-type/
Canada Mortgage and Housing Corporation. (2024). Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type . Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1085841/market-share-of-lenders-in-canada-by-lender-type/
Canada Mortgage and Housing Corporation. "Market Share of Mortgage Lenders Based on Mortgages Outstanding in Canada in 2023, by Lender Type ." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/1085841/market-share-of-lenders-in-canada-by-lender-type/
Canada Mortgage and Housing Corporation, Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type Statista, https://www.statista.com/statistics/1085841/market-share-of-lenders-in-canada-by-lender-type/ (last visited December 30, 2024)
Market share of mortgage lenders based on mortgages outstanding in Canada in 2023, by lender type [Graph], Canada Mortgage and Housing Corporation, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/1085841/market-share-of-lenders-in-canada-by-lender-type/
