In recent years, the average loan size for new mortgages in Canada has been growing. From roughly 223,100 Canadian dollars in the third quarter of 2012, the average value of new mortgages increased to over 303,400 Canadian dollars by the end of 2020. Mortgages varied in size in different metropolitan areas with Toronto and Vancouver seeing the highest value of new mortgages.
Average value of new mortgage loans in Canada from 3rd quarter 2012 to 3rd quarter 2020
(in Canadian dollars)
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Canada Mortgage and Housing Corporation. (December 3, 2020). Average value of new mortgage loans in Canada from 3rd quarter 2012 to 3rd quarter 2020 (in Canadian dollars) [Graph]. In Statista. Retrieved December 07, 2021, from https://www.statista.com/statistics/1202969/average-value-of-mortgage-loans-canada/
Canada Mortgage and Housing Corporation. "Average value of new mortgage loans in Canada from 3rd quarter 2012 to 3rd quarter 2020 (in Canadian dollars)." Chart. December 3, 2020. Statista. Accessed December 07, 2021. https://www.statista.com/statistics/1202969/average-value-of-mortgage-loans-canada/
Canada Mortgage and Housing Corporation. (2020). Average value of new mortgage loans in Canada from 3rd quarter 2012 to 3rd quarter 2020 (in Canadian dollars). Statista. Statista Inc.. Accessed: December 07, 2021. https://www.statista.com/statistics/1202969/average-value-of-mortgage-loans-canada/
Canada Mortgage and Housing Corporation. "Average Value of New Mortgage Loans in Canada from 3rd Quarter 2012 to 3rd Quarter 2020 (in Canadian Dollars)." Statista, Statista Inc., 3 Dec 2020, https://www.statista.com/statistics/1202969/average-value-of-mortgage-loans-canada/
Canada Mortgage and Housing Corporation, Average value of new mortgage loans in Canada from 3rd quarter 2012 to 3rd quarter 2020 (in Canadian dollars) Statista, https://www.statista.com/statistics/1202969/average-value-of-mortgage-loans-canada/ (last visited December 07, 2021)
