Canadian Facts And Figures!

Canadian facts and figures

• 6 big banks, approximately 73 banking institutions in total

• The big banks are all universal – offering retail, commercial and investment banking services. Some boutique investment and commercial banks exist but they are relatively small

• Banks have minimal off-balance-sheet holdings

• Banks’ return on equity generally 13% to 20%

• Home ownership rate: 68.4% of the population

• Subprime less than 5% of the mortgage market

• Relatively low penetration of derivatives and securitisation
(27% of mortgages repackaged and sold as bonds)

• Mortgage default rate less than 1%

Source: McKinsey
Dates: 2008 & 2009, except Canadian home ownership figures, which come from the 2006 census.