00000nam 2200000zi 4500 9.872980 CaOODSP 20250821075116 m o d f cr cn||||||||| 190514t20192019onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-7/2019-14E-PDF Al-Mqbali, Leila, author. Reassessing the growth of HELOCs in Canada using new regulatory data / by Leila Al-Mqbali, Olga Bilyk, Stefan Caputo and James Younker. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, [2019] ©2019 1 online resource (ii, 5 pages) : illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-14 Cover title. Includes bibliographical references. "Using new regulatory data on residential secured lending from Canadian banks, we assess the growth rate of home equity lines of credit (HELOCs). The new dataset is the first of its kind to provide information on individual components of combined mortgage-HELOC plans. These combined plans are an increasingly popular credit product. We find that the credit growth has been concentrated in the amortizing mortgage component of the combined plans rather than the non-amortizing HELOC component. In addition, the total outstanding balance of HELOCs has contracted over the past year, which is consistent with rising interest rates and a slowdown in the growth of household consumption"--Abstract, page ii. Includes abstracts in English and French. gccst Mortgage loans Bilyk, Olga, author. Caputo, Stefan, author. Younker, James, author. Bank of Canada. Staff analytical note (Bank of Canada) 2019-14. (CaOODSP)9.807323 PDF 414 KB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-7-2019-14-eng.pdf