Toronto, Vancouver, and Montreal are Canada's largest mortgage markets. With nearly 419 billion Canadian dollars in mortgages outstanding, Toronto accounted for close to 23 percent of the country's 1.8 trillion Canadian dollar mortgage market. Toronto was also the metropolitan area with the second-highest average loan size for new mortgages.
Total value of mortgages outstanding in Canada in 3rd quarter 2023, by metropolitan area
(in billion Canadian dollars)
Characteristic
Value of mortgages outstanding in Canadian dollars
Toronto
418.85
Vancouver
193.36
Montréal
162.35
Calgary
70.62
Ottawa-Gatineau
63.3
Edmonton
54.67
Hamilton
43.67
Winnipeg
27.57
Kitchener-Cambridge-Waterloo
27.17
Québec City
25.44
Oshawa
24.54
Victoria
22.67
London
21.45
Created with Highcharts 7.2.2Value of mortgages outstanding in Canadian dollars418.85418.85193.36193.36162.35162.3570.6270.6263.363.354.6754.6743.6743.6727.5727.5727.1727.1725.4425.4424.5424.5422.6722.6721.4521.4515.9515.9515.0715.0713.1713.1711.4111.419.469.46TorontoVancouverMontréalCalgaryOttawa-GatineauEdmontonHamiltonWinnipegKitchener-Cambridge-WaterlooQuébec CityOshawaVictoriaLondonSt. Catharines-NiagaraHalifaxWindsorSaskatoonRegina
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Canada Mortgage and Housing Corporation. (December 18, 2023). Total value of mortgages outstanding in Canada in 3rd quarter 2023, by metropolitan area (in billion Canadian dollars) [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/1202920/value-of-mortgage-debt-outstanding-canada-by-metropolitan-area/
Canada Mortgage and Housing Corporation. "Total value of mortgages outstanding in Canada in 3rd quarter 2023, by metropolitan area (in billion Canadian dollars)." Chart. December 18, 2023. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/1202920/value-of-mortgage-debt-outstanding-canada-by-metropolitan-area/
Canada Mortgage and Housing Corporation. (2023). Total value of mortgages outstanding in Canada in 3rd quarter 2023, by metropolitan area (in billion Canadian dollars). Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/1202920/value-of-mortgage-debt-outstanding-canada-by-metropolitan-area/
Canada Mortgage and Housing Corporation. "Total Value of Mortgages Outstanding in Canada in 3rd Quarter 2023, by Metropolitan Area (in Billion Canadian Dollars)." Statista, Statista Inc., 18 Dec 2023, https://www.statista.com/statistics/1202920/value-of-mortgage-debt-outstanding-canada-by-metropolitan-area/
Canada Mortgage and Housing Corporation, Total value of mortgages outstanding in Canada in 3rd quarter 2023, by metropolitan area (in billion Canadian dollars) Statista, https://www.statista.com/statistics/1202920/value-of-mortgage-debt-outstanding-canada-by-metropolitan-area/ (last visited February 12, 2025)
Total value of mortgages outstanding in Canada in 3rd quarter 2023, by metropolitan area (in billion Canadian dollars) [Graph], Canada Mortgage and Housing Corporation, December 18, 2023. [Online]. Available: https://www.statista.com/statistics/1202920/value-of-mortgage-debt-outstanding-canada-by-metropolitan-area/
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