Canada’s outstanding residential mortgage balance reached approximately $2.40 trillion in December 2025.
Ten years earlier, the balance stood at $1.34 trillion. That means residential mortgage debt increased by approximately $1.06 trillion, or 79%, between December 2015 and December 2025.
The largest period of growth occurred around the pandemic-era housing boom. Mortgage balances rose from $1.79 trillion in 2020 to nearly $1.98 trillion in 2021. Growth continued afterward, but at a slower pace.
These figures represent the combined value of outstanding residential mortgage balances across Canadian households, not the value of homes or the amount borrowed during a single year.
Source
Figures are raw year-end balances for December 2015 through December 2025.