About the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island Market Research Report
What’s Included in the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island Market Research Report
Definition of the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island?
Operators in the Loan Administration, Cheque Cashing and Other Services industry in Canada service loans, most notably mortgages. It does not originate loans, which includes legally arranging and issuing the loan. Servicing loans includes performing all the administrative aspects of the loan. The industry also performs money transmission services, which include selling and cashing travellers’ cheques, money orders and cashier’s cheques, while also renting safe deposit boxes.
What’s included in the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island?
The Loan Administration, Cheque Cashing & Other Services in Prince Edward Island includes loan servicing, cash handling and management services, cheque cashing servicing, money transmission servicing and safe deposit box renting. Related terms covered in the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island industry report includes the aggregate value of a servicing portfolio acquired through the company's own production, the aggregate value of a servicing portfolio obtained from a source outside the purchasing company, the administration aspects of the loan, which consist of sending and collecting monthly payments, maintaining loan records and paying insurance and taxes on the loan, a debt instrument that represents a claim on mortgage cash flows, usually from residential property, an amount set aside as an allowance for bad debts, which are debts where the customer defaults or where the terms of the loan need to be renegotiated and a pool of mortgages that pay investors different cash flows based upon the rules of the collateralized mortgage.
Industry Performance of the Loan Administration, Cheque Cashing & Other Services industry in Prince Edward Island
Benchmark the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island industry performance with all PE Census Metropolitan Area and national performance.
Loan Administration, Cheque Cashing & Other Services in Prince Edward Island
#10 in Highest Revenue 0.1% of province's GDPRevenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)
Loan Administration, Cheque Cashing & Other Services in Canada
Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)
For the full list of industry drivers, see report purchase options.
Key Drivers of the Loan Administration, Cheque Cashing & Other Services industry in Prince Edward Island
See how key industry drivers, such as median houshold income, gross domestic product, private investment in non-residential construction, aggregate household debt, overnight rate and housing starts are impacting Loan Administration, Cheque Cashing & Other Services in Prince Edward Island
Prince Edward Island Economic Indicators
Median Houshold Income
Gross Domestic Product
Private Investment in Non-Residential Construction
View more economic information in PE State Economic profile
Canada Key External Drivers
Aggregate household debt
Overnight rate
Housing starts
For the full list of industry drivers, see report purchase options.
Census Metropolitan Area Data of the Loan Administration, Cheque Cashing & Other Services industry in Prince Edward Island
Access proprietary data on Census Metropolitan Area in the Loan Administration, Cheque Cashing & Other Services in Prince Edward Island, such as Charlottetown and Summerside. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.
Key Statistics of the Loan Administration, Cheque Cashing & Other Services industry in Prince Edward Island
Download 18 years of historical data and 5 years of projected performance.
