Where Data Tells the Story
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Canadian banks held $9.2T in total assets as of July 2025, according to OSFI data, highlighting their central role in the country’s economy. $3.4T of this came from non-mortgage loans, while residential mortgages accounted for $1.9T, reflecting the enduring weight of housing in Canada’s credit market.
On the funding side, deposits remain the lifeblood of the system, with households, governments, municipalities and institutions contributing over $2.7T combined across fixed-term and demand accounts. Other key liabilities, including repurchase agreements and derivatives, highlight how interconnected banks are with global financial markets.
Together, these numbers show a banking sector that’s both deep and diversified, balancing consumer lending and institutional funding in an environment still shaped by high rates, slower mortgage growth, and rising credit risks.