Listed below are the top 10 mortgage lenders in Canada ranked by lending volume. Canada’s big 5 banks hold two out of three mortgages or approximately 70% market share. RBC is the largest mortgage lender in Canada with residential mortgages of more than C$311 billion. First National is the largest non-bank originator and underwriter of residential and commercial mortgages in Canada with C$100.2 billion in total mortgages under administration as of October 31, 2017.
Rank | Company | Residential Mortgages, C$b (10/2017) | Non-residential Mortgages, C$b (10/2017) |
1 | Royal Bank of Canada | 311.233 | 26.967 |
2 | Toronto-Dominion Bank | 280.045 | 44.850 |
3 | Bank of Nova Scotia | 269.692 | 2.357 |
4 | Canadian Imperial Bank of Commerce | 237.243 | 6.783 |
5 | Bank of Montreal (BMO) | 140.390 | 11.744 |
6 | Desjardins Group | 111.442 | n/a |
7 | First National Financial | 77.123* | 23.054** |
8 | National Bank of Canada | 57.770 | 1.519 |
9 | HSBC Bank Canada | 23.584 | 0.003 |
10 | Home Trust Company | 13.677 | 1.029 |
11 | Laurentian Bank of Canada | 20.605 | 3.759 |
12 | Canadian Western Bank | 6.986 | 8.485 |
13 | Tangerine Bank | 6.869 | 0.057 |
* Single-family residential mortgages
** Multi-unit residential and commercial mortgages