Survey of Non-Bank Mortgage Lenders - fourth calendar quarter 2018

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For Information onlyThis is an electronic survey example for information purposes only. This is not a working questionnaire.

Introduction

The purpose of this survey
In recent years, the number of non-bank 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.

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.

Return the completed questionnaire in the enclosed envelope by February 28, 2019. If you prefer to return your completed questionnaire by fax, please send it to: 1-888-883-7999.

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 deferred: Mortgages for which an agreement is in place between the lender and the borrower to pause or suspend a borrower's mortgage payments and other accommodations (i.e. skipped, interest only, reduced and/or extended payments) for a specified period of time. It may also be known as a mortgage forbearance agreement and is considered a temporary measure. After the agreement ends, the mortgage payments resume, as normal, and the missed payments — including principal and accumulated interest - are repaid.

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 requested calendar.

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 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 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 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 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 %

Residential mortgages - Question identifier:8

Please specify the total dollar value and the total number of residential mortgages that were deferred as of the last business day of the calendar quarter.

Include data on all mortgages with payment deferrals approved to date, including skipped, interest only, reduced and/or extended payments.

Note we are seeking the outstanding residential mortgage amount and not the deferred payment.
Exclude:
• mortgages that have resumed payments.
• LOCs and HELOCs (non-amortized).
• mortgages for non-residential property.
• mortgages secured by properties located outside Canada.

  • : Insured residential mortgages
    a) Total insured residential mortgages deferred at the end of the quarter.
    : Value (CAN$)
    : Number of mortgages
  • : Uninsured residential mortgages
    b) Total uninsured residential mortgages deferred at the end of the quarter.
    : Value (CAN$)
    : Number of mortgages

Please complete this questionnaire and submit within 60 days of receipt.

THANK YOU FOR YOUR CO-OPERATION

Contact Information

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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 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 is a Section 12 agreement with the Canada Mortgage and Housing Corporation.

THANK YOU FOR PARTICIPATING IN THIS SURVEY
For further information, please visit our website at www.statcan.gc.ca/survey.

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