The CMHC released their latest Housing and Marketing Information report on Mortgage Lending 2009.
It provides some great information on the volumes of mortgages issued by banks and other lenders as well as the market share for CMHC approved mortgages in 2009. Here are some of the stats:
Other includes: credit unions, caisses populaires, other smaller institutions and privately-insured loans in some areas. From this data we can see that:
Other includes: credit unions, caisses populaires, other smaller institutions and privately-insured loans in some areas. From this data we can see that:
If we then take the loan values divided by the number of units we can look at the average loan values as follows.
The report also included interesting data on the volumes of mortgages issued by the different lenders.
We can also look at their market share over the years:
You can see that this table shows that the Chartered Bank’s market share dropped 6% year over year in 2009. Also the chart below shows the market in 1999
Versus the market in 2009, as the Chartered Bank’s market share dropped 10%