AI Analysis: Funds advanced, outstanding balances, and interest rates for new and existing lending, Bank of Canada

Executive Summary

This Statistics Canada dataset (Table 10100006) tracks 13+ years of Canadian bank lending activity from January 2013 to February 2026, covering 51 lending components across residential mortgages, consumer credit, and business loans with 16,116 monthly records. Dollar values are highly skewed — ranging from near zero to $1.24 trillion — while interest rates span 0.82% to 21.50%, reflecting dramatic policy shifts including COVID-19 emergency cuts and the 2022–2023 Bank of Canada rate hike cycle. Together, the volume and rate data paint a comprehensive picture of Canada's evolving credit market, with uninsured residential mortgages dominating in scale and consumer credit showing the most extreme rate anomalies.

Key Findings

• Uninsured residential mortgage outstanding balances reached $1.24 trillion CAD as of February 2026, representing the largest single lending category in the dataset.
• Interest rates ranged from a low of 0.82% (December 2017, business loans to regulated non-bank financials) to a high of 21.50% (February 2026, non-mortgage consumer credit outstanding balances), a spread of nearly 21 percentage points.
• 351 interest rate data points (~4.4% of all rate observations) were flagged as statistical outliers using the IQR method, with the upper bound set at 9.66%.
• Dollar values are heavily right-skewed, with a mean of $89,836M — nearly 9x the median of $10,241M — indicating a small number of large lending categories dominate the dataset.
• Average lending dollar values grew by 1,516.5% from the earliest to most recent periods, reflecting sustained and substantial expansion in Canadian credit markets over 13 years.
• As of February 2026, total insured residential mortgage rates stand at 4.13%, with fixed-rate terms varying widely from 3.89% to 8.03% depending on term length.
• The dataset's 51 components are evenly split between dollar-value series (funds advanced or outstanding balances in millions CAD) and paired interest rate series (%), enabling simultaneous analysis of both credit flow and pricing dynamics.