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Average value of new mortgage loans in Canada 2012-2023, per quarter

Published by Statista Research Department, Jan 15, 2024

The average loan size of new mortgages in Canada declined in 2023, after soaring since 2019. In the third quarter of 2023, the average size of a mortgage amounted to 338,522 Canadian dollars, down from 366,163 in the second quarter of 2022, when the highest figure was recorded. 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 2023 (in Canadian dollars)

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Release date

December 2023

Region

Canada

Survey time period

Q3 2012 to Q3 2023

Special properties

Census metropolitan areas and agglomerations (CMAs)

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