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Statistics Canada's funds-advanced data, sourced from the Bank of Canada, shows chartered banks advanced $583.5 billion in residential mortgage dollars in 2025 — a new high, and up 35.7% from 2024.
in residential mortgage funds advanced by Canadian chartered banks in 2025
— up 35.7% from $430.1 billion in 2024, a new annual high that surpassed the prior 2021 peak.
Statistics Canada, Table 10-10-0006-01 (Bank of Canada)
Volume swung sharply with rates — a 2021 peak, a two-year slide, then a record 2025 rebound.
Total residential mortgage funds advanced by Canadian chartered banks, annual, in current dollars. Source: Statistics Canada, Table 10-10-0006-01, based on Bank of Canada data.
Funds advanced hit a new high in 2025: Canadian chartered banks advanced $583.5 billion in residential mortgage funds in 2025, up 35.7% from $430.1 billion in 2024 and surpassing the prior 2021 peak of $564.5 billion.
The market whipsawed after the 2021 peak: annual funds advanced fell for two straight years after 2021, bottoming at $373.2 billion in 2023, before rebounding sharply through 2024 and 2025.
2026 is off to a strong start: chartered banks advanced $273.8 billion in the first five months of 2026, with monthly volume climbing from $46.0 billion in January to $58.4 billion in May.
This data covers chartered banks only: Statistics Canada's series tracks funds advanced by Canadian chartered banks and excludes credit unions and other non-bank lenders, so it understates total market origination volume.
| Year | Funds advanced ($B) | Note |
|---|---|---|
| 2019 | $415.9B | — |
| 2020 | $518.4B | — |
| 2021 | $564.5B | Prior peak |
| 2022 | $445.8B | — |
| 2023 | $373.2B | Trough |
| 2024 | $430.1B | — |
| 2025 | $583.5B | New high |
| 2026 (Jan–May) | $273.8B | Year-to-date only |
Dollar values in current-dollar $ billions. 2026 row reflects January–May year-to-date, not a full year. Source: Statistics Canada, Table 10-10-0006-01, based on Bank of Canada data.
total residential mortgage funds advanced by chartered banks in 2025, a new annual high
StatCan
the prior annual peak, reached in 2021 before rates began rising
StatCan
2023 trough, the low point of the post-2021 slide
StatCan
funds advanced in May 2026 alone, the latest monthly figure available
StatCan
A record $583.5 billion origination year means more files moving through every stage of the pipeline — underwriting, conditions, funding — at the same time volume is also rebuilding after two lean years. Brokers scaling back up into this rebound need fulfillment capacity that can flex with volume swings this sharp, not a fixed headcount sized for the 2023 trough.
Last updated August 2, 2026. Each figure carries its source; projections are labelled. Page reviewed on every major source release. Information only — not advice.
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