Credit Conditions | Bank of Canada Facilities Help | Français

Household Credit

About Household Credit Indicators

Changes in household credit reflect new credit extended to households. Two thirds of credit outstanding to households is for residential mortgages.

Overview of Total Household Credit

The table below provides an overview of changes in household credit over the past 12 months. The total dollar amount outstanding is noted, and broken down into components, as is the percentage distribution. The 12-month changes are given in dollar terms (again, broken down by component), and as a percentage of the total amount outstanding. Annualized 3-month and 1-month changes are also provided to give a sense of recent trends in household credit.

March 2015
C$ Billions Outstanding % Distribution 12-month  Dollar Change
(C$ Billion)
12-month % Change 3-month % Change (annualized) 1-month % Change (annualized)
Total household credit* 1820 100 79.7 4.6 4.7 4.5
Consumer Credit* (1) 532 29.2 15.3 3.0 2.5 4.1
Chartered Banks* 451 24.8 11.7 2.7 0.6 2.8
Non-Banks (2) 67 3.7 2.6 4.0 2.1 0.5
Off-balance sheet Loans securitized by banks and non-banks 14 0.7 1.0 7.7 5.0 7.2
Residential Mortgage Credit* 1289 70.8 64.4 5.3 5.7 4.6
Chartered Banks* 957 52.6 39.9 4.3 4.3 2.8
Non-Banks 272 15.0 15.2 5.9 5.2 5.1
Off-balance sheet Loans securitized by banks and non-banks:
NHA MBS program 50 2.7 10.6 27.2 25.7 26.8
Other securitization products 10 0.5 -1.2 -11.5 -14.3 -21.0

Notes:
Data on this table are not seasonally adjusted unless otherwise stated.
* - Last two columns are seasonally adjusted.
  1. Consumer credit includes, amongst other things, credit card loans, personal lines of credit, auto loans, and other personal loans.
  2. Non-banks include trust and mortgage loan companies, credit unions and caisses populaires, life insurance, and non-depository credit intermediaries and other institutions (e.g., automobile leasing and sales financing companies.)

Total Household Credit

This graph shows changes in total household credit since 1990, both in annualized three-month percentage terms, and in year-over-year percentage terms.

Sources of Household Credit

This graph shows changes in the sources of household credit since 1990.

Household Credit Components : Consumer Credit

This graph shows changes in total consumer credit since 1990, both in annualized three-month percentage terms, and in year-over-year percentage terms.

Household Credit Components : Residential Mortgage Credit

This graph shows changes in total residential mortgage credit since 1990, both in annualized three-month percentage terms, and in year-over-year percentage terms.