Mortgage loans reached 1,210 USD bil in 2017 in Canada, according to the National Central Bank. This is 12.9 % more than in the previous year.
Historically, mortgage loans in Canada reached an all time high of 1,210 USD bil in 2017 and an all time low of 97.1 USD bil in 1986. When compared to Canada's main peers, mortgage loans in Australia amounted to 1,345 USD bil, 37.7 USD bil in Mexico, 1,847 USD bil in United Kingdom and 10,100 USD bil in USA in 2017.
Canada has been ranked 7th within the group of 79 countries we follow in terms of mortgage loans, 2 places above the position seen 10 years ago.
A mortgage loan is a loan secured by real property through the use of a mortgage note.