New mortgage loans as a share of all mortgage loans in Canada 2015-2023
New mortgages as share of all mortgage loans in Canada averaged about five percent in the period from 2015 to 2023. In the third quarter of 2023, the share of new mortgages amounted to 4.1 percent of all mortgage loans. All figures show the ratio as of the third quarter of the year. In recent years, the size of the average new mortgage loan has been increasing, reaching its highest value in the third quarter of the year.