Introduction
The purpose of this survey
In recent years, the number of non-bank mortgage lenders and their share of issued mortgages has grown. The purpose of this survey is to collect information to analyze trends in the Canadian residential mortgage market. This will fill an important data gap to help the industry and stakeholders understand changes in the market, and support policy decisions related to mortgage lending and financial stability in Canada. This survey was previously conducted using a paper questionnaire, but is now available in an electronic format, and you will have 60 days instead of 30 to complete it. The information may also be used for other statistical and research purposes.
Data-sharing agreements
To reduce respondent burden, Statistics Canada has entered into data sharing agreements with provincial and territorial statistical agencies and other government organizations, which have agreed to keep the data confidential and use them only for statistical purposes. Information on data sharing agreements can be found on the last page of this questionnaire.
Record linkages
To enhance the data from this survey, Statistics Canada may combine them with information from other surveys or from administrative sources.
Fax or email transmission disclosure
Statistics Canada advises you that there could be a risk of disclosure during the transmission of information by fax or email. However, upon receipt, Statistics Canada will provide the guaranteed level of protection afforded to all information collected under the authority of the Statistics Act.
Confidentiality
The Statistics Act protects the confidentiality of information collected by Statistics Canada. Statistics Canada is prohibited by law from releasing any information it collects that could identify any person, business or organization, unless consent has been given by the respondent or as permitted by the Statistics Act. Statistics Canada will use the information from this survey for statistical and research purposes.
Who should complete this questionnaire?
This questionnaire should be completed by a financial manager with a thorough knowledge of your organization's residential mortgage data.
Reporting instructions
- Report dollar amounts in Canadian dollars (CAN$).
- Report dollar amount rounded to the nearest dollar.
- When precise figures are not available, please provide your best estimates.
- Enter "0" if there is no value to report.
- Report for Canadian operations only—please exclude foreign affiliates.
- Report for the calendar quarter.
- Include traditional mortgage loans and amortized home equity lines of credit (HELOCs).
- Exclude lines of credit (LOCs) and HELOCs (non-amortized).
- Exclude mortgages secured by properties located outside Canada.
- Exclude mortgages for non-residential property.
Definitions
Affiliate: The term "affiliate" used in this questionnaire covers unconsolidated:
- parent, subsidiary and related corporations
- related joint ventures and partnerships
- head offices, branches and divisions
- directors, officers and individual shareholders
Affiliates are entities within a common family of corporations controlled or significantly influenced by the reporting company or another company within the corporate family.
Arrears: Mortgage loans are in arrears at the end of a quarter if payments are overdue.
Credit-impaired loans: Mortgage loans are deemed credit-impaired when they become uncollectable and identified for sale.
Insured residential mortgages: These include all residential mortgage loans insured either under the National Housing Act or by other private insurance companies or agencies.
Non-residential property: Non-residential property is all property not classified as residential, including such structures as office buildings, shopping centres, land banking and development, industrial buildings, hotels and motels, automobiles, franchises, resorts or recreational properties (commercial resorts), time share units, mixed assets, hospitals, nursing homes, institutional retirement homes, day care centres, churches, and farms.
Residential mortgage loan: A residential mortgage loan is a primary market exchange between an original mortgage lender (e.g., bank, mortgage broker, local credit union) and an individual to complete a mortgage transaction extended to individuals or to corporations for a residential property.
Residential property: Residential properties are non-institutional facilities for the long-term lodging of individuals. Residential properties with one to four units include detached homes, semi-detached homes, town house units, condominium units, other small residential structures with one to four units, cottages and similar recreational properties, one- to four-unit residential properties with commercial components, and construction sites for one- to four-unit residential properties. Residential properties with more than four units include small or large apartment buildings with more than four units, apartment building complexes with commercial components, office/residential condos, all other residential properties with more than four units, and construction sites for residential properties with more than four units.
Uninsured residential mortgages: These include all residential mortgage loans not classified as insured.
Residential mortgages
Please report for the requested calendar quarter.
Report for Canadian operations only.
Residential mortgages - Question identifier: 1
Please specify the total dollar value and the total number of residential mortgages outstanding on the last business day of the calendar quarter.
Include mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada.
- a: Total outstanding insured residential mortgages at the end of the quarter.
- :Value (CAN$)
- :Number of mortgages
- b: Total outstanding uninsured residential mortgages at the end of the quarter
- :Value ($CAN)
- :Number of mortgages
Residential mortgages - Question identifier: 2
Please specify the total dollar value and the total number of residential mortgages that were extended during the calendar quarter.
Include mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada.
Insured residential mortgages
a: Insured residential mortgages extended for new purchases
- : Value (CAN$)
- : Number of mortgages
b: Insured residential mortgages extended for other reasons (refinance, renewal, etc.)
- : Value (CAN$)
- : Number of mortgages
: Total insured residential mortgages extended during the quarter
- : Value (CAN$)
- : Number of mortgages
Uninsured residential mortgages
c: Uninsured residential mortgages extended for new purchases
- : Value (CAN$)
- : Number of mortgages
d: Uninsured residential mortgages extended for other reasons (refinance, renewal, etc.)
- : Value (CAN$)
- : Number of mortgages
: Total uninsured residential mortgages extended during the quarter.
- : Value (CAN$)
- : Number of mortgages
Residential mortgages - Question identifier: 3
Please specify the total dollar value and the total number of residential mortgages in arrears as of the last business day of the calendar quarter.
Residential mortgages in arrears are those mortgages where payments are overdue.
Include mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada.
Insured residential mortgages
a: Stage 1: 1 to 30 days in arrears
- : Value (CAN$)
- : Number of mortgages
b: Stage 2: 31 to 60 days in arrears
- : Value (CAN$)
- : Number of mortgages
c: Stage 3: 61 to 90 days in arrears
- : Value (CAN$)
- : Number of mortgages
d: Stage 4: over 90 days in arrears
- : Value (CAN$)
- : Number of mortgages
: Total insured residential mortgages in arrears at the end of the quarter
- : Value (CAN$)
- : Number of mortgages
Uninsured residential mortgages
e: Stage 1: 1 to 30 days in arrears
- : Value (CAN$)
- : Number of mortgages
f: Stage 2: 31 to 60 days in arrears
- : Value (CAN$)
- : Number of mortgages
g: Stage 3: 61 to 90 days in arrears
- : Value (CAN$)
- : Number of mortgages
h: Stage 4: over 90 days in arrears
- : Value (CAN$)
- : Number of mortgages
: Total uninsured residential mortgages in arrears at the end of the quarter
- : Value (CAN$)
- : Number of mortgages
Residential mortgages - Question identifier: 4
Please specify the total dollar value and the total number of residential mortgages outstanding for the amortization period categories provided below as of the last business day of the calendar quarter.
Please report based on time remaining on amortization.
Include:
- residential mortgages outstanding at the end of the quarter.
- mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada.
Residential mortgages by amortization period
Insured residential mortgages
a: 5 years or less
- : Value (CAN$)
- : Number of mortgages
b: More than 5 years and up to 10 years
- : Value (CAN$)
- : Number of mortgages
c: More than 10 years and up to 15 years
- : Value (CAN$)
- : Number of mortgages
d: More than 15 years and up to 20 years
- : Value (CAN$)
- : Number of mortgages
e: More than 20 years
- : Value (CAN$)
- : Number of mortgages
: Total insured residential mortgages at the end of the quarter
- : Value (CAN$)
- : Number of mortgages
Residential mortgages - Question identifier: 5
Please specify the total dollar value and the total number of residential mortgages outstanding for the following total debt service (TDS) ratio categories as of the last business day of the calendar quarter.
Include:
- residential mortgages outstanding at the end of the quarter.
- mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada
Residential mortgages by total debt service (TDS) ratio
Insured residential mortgages
a: 30% or less
- : Value (CAN$)
- : Number of mortgages
b: More than 30% and up to 35%
- : Value (CAN$)
- : Number of mortgages
c: More than 35% and up to 40%
- : Value (CAN$)
- : Number of mortgages
d: More than 40% and up to 45%
- : Value (CAN$)
- : Number of mortgages
e: More than 45% and up to 50%
- : Value (CAN$)
- : Number of mortgages
f: More than 50% and up to 55%
- : Value (CAN$)
- : Number of mortgages
g: More than 55% and up to 60%
- : Value (CAN$)
- : Number of mortgages
h: More than 60%
- : Value (CAN$)
- : Number of mortgages
: Total insured residential mortgages at the end of the quarter
- : Value (CAN$)
- : Number of mortgages
Uninsured residential mortgages
i: 30% or less
- : Value (CAN$)
- : Number of mortgages
j: More than 30% and up to 35%
- : Value (CAN$)
- : Number of mortgages
k: More than 35% and up to 40%
- : Value (CAN$)
- : Number of mortgages
l: More than 40% and up to 45%
- : Value (CAN$)
- : Number of mortgages
m: More than 45% and up to 50%
- : Value (CAN$)
- : Number of mortgages
n: More than 50% and up to 55%
- : Value (CAN$)
- : Number of mortgages
o: More than 55% and up to 60%
- : Value (CAN$)
- : Number of mortgages
p: More than 60%
- : Value (CAN$)
- : Number of mortgages
: Total uninsured residential mortgages at the end of the quarter.
- : Value (CAN$)
- : Number of mortgages
Residential mortgages - Question identifier: 6
Please specify the total dollar value and the total number of residential mortgages outstanding for the following loan-to-value (LTV) ratio categories as of the last business day of the calendar quarter.
Include:
- residential mortgages outstanding at the end of the quarter.
- mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada.
Residential mortgages by loan-to-value (LTV) ratio
Insured residential mortgages
a: 65% or less
- : Value (CAN$)
- : Number of mortgages
b: More than 65% and up to 75%
- : Value (CAN$)
- : Number of mortgages
c: More than 75% and up to 80%
- : Value (CAN$)
- : Number of mortgages
d: More than 80% and up to 85%
- : Value (CAN$)
- : Number of mortgages
e: More than 85% and up to 90%
- : Value (CAN$)
- : Number of mortgages
f: More than 90% and up to 95%
- : Value (CAN$)
- : Number of mortgages
g: More than 95%
- : Value (CAN$)
- : Number of mortgages
: Total insured residential mortgages at the end of the quarter
- : Value (CAN$)
- : Number of mortgages
Uninsured residential mortgages
h: 25% or less
- : Value (CAN$)
- : Number of mortgages
i: More than 25% and up to 45%
- : Value (CAN$)
- : Number of mortgages
j: More than 45% and up to 65%
- : Value (CAN$)
- : Number of mortgages
k: More than 65% and up to 75%
- : Value (CAN$)
- : Number of mortgages
l: More than 75% and up to 80%
- : Value (CAN$)
- : Number of mortgages
m: More than 80%
- : Value (CAN$)
- : Number of mortgages
: Total uninsured residential mortgages at the end of the quarter
- : Value (CAN$)
- : Number of mortgages
Residential mortgages - Question identifier: 7
Please specify the total dollar value, the total number of mortgages and the weighted average interest rate charged on new funds advanced or extended for residential mortgages during the calendar quarter.
Example of calculation of weighted average interest rate:
Resident 1: Mortgage on August 5, 2018—$500,000.00 @ 4.75%
Resident 2: Mortgage on August 28, 2018—$51,000.00 @ 5.85%
Amount to be reported (($500,000.00 x 4.75%) + ($51,000.00 x 5.85%)) / $551,000.00 = 4.85%
Note: When precise figures are not available, please provide your best estimates.
Include:
- residential mortgages extended during the quarter.
- mortgage loans deemed credit-impaired during the quarter.
Exclude:
- LOCs and HELOCs (non-amortized).
- mortgages for non-residential property.
- mortgages secured by properties located outside Canada.
New funds advanced for residential mortgages
Insured residential mortgages: fixed rate
a: Less than 2 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
b: 2 to less than 3 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
c: 3 to less than 5 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
d: 5 years and over
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
: Total of all new insured fixed rate residential mortgages during the quarter
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
Insured residential mortgages: variable rate
e: Less than 2 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
f: 2 to less than 3 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
g: 3 to less than 5 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
h: 5 years and over
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
: Total of all new insured variable rate residential mortgages during the quarter.
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
Uninsured residential mortgages: fixed rate
i: Less than 2 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
j: 2 to less than 3 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
k: 3 to less than 5 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
l: 5 years and over
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
: Total of all new uninsured fixed rate residential mortgages during the quarter.
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
Uninsured residential mortgages: variable rate
m: Less than 2 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
n: 2 to less than 3 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
o: 3 to less than 5 years
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
p: 5 years and over
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
: Total of all new uninsured variable rate residential mortgages during the quarter.
- : Value (CAN$)
- : Number of mortgages
- : Weighted average interest rate charged on mortgages %
Please return the completed questionnaire within 60 days of receipt.
Thank you for your co-operation
Contact Information
Thank you for your co-operation
First name of person to contact about this questionnaire:
Last name of person to contact about this questionnaire:
Title:
Telephone number:
Extension:
Fax number:
Email address:
Date (YYYY-MM-DD):
Survey completion time
How long did you spend collecting the data and completing the questionnaire?
Hour(s):
Minutes:
Comments:
General information
Data Sharing Agreements
To reduce respondent burden, Statistics Canada has entered into data sharing agreements with provincial and territorial statistical agencies and other government organizations, which have agreed to keep the data confidential and use them only for statistical purposes. Statistics Canada will share data from this survey only with those organizations that have demonstrated a requirement to use the data.
Section 11 of the Statistics Act provides for the sharing of information with provincial and territorial statistical agencies that meet certain conditions. These agencies must have the legislative authority to collect the same information, on a mandatory basis, and the legislation must provide substantially the same provisions for confidentiality and penalties for disclosure of confidential information as the Statistics Act. Because these agencies have the legal authority to compel businesses to provide the same information, consent is not requested and businesses may not object to the sharing of the data.
For this survey, there are Section 11 agreements with the provincial and territorial statistical agencies of Newfoundland and Labrador, Nova Scotia, New Brunswick, Quebec, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon. The shared data will be limited to information pertaining to business establishments located within the jurisdiction of the respective provincial or territorial government organizations.
Section 12 of the Statistics Act provides for the sharing of information with federal, provincial or territorial government organizations. Under Section 12, you may refuse to share your information with any of these organizations by writing a letter of objection to the Chief Statistician and returning it with the completed questionnaire. Please specify the organizations with which you do not want to share your data. For this survey, there are Section 12 agreements with the statistical agencies of Prince Edward Island, the Northwest Territories and Nunavut, as well as with the Canada Mortgage and Housing Corporation. For agreements with provincial and territorial government organizations, the shared data will be limited to information pertaining to business establishments located within the jurisdiction of the respective province or territory.
Thank you for participating in this survey
For further information, please visit our website, Survey of Non-Bank Mortgage Lenders.