🍁 Canada's 10-Year Residential Mortgage & HELOC Market Share
Over the past decade, Canada's mortgage market has become increasingly concentrated among the country's largest lenders.
- 🏆 Biggest Winner: RBC increased its market share from 17.18% to 18.43%, the largest gain among the Big 7 banks.
- 📉 Biggest Loser: Smaller lenders saw their combined market share decline from 24.78% to 23.13%, reflecting the growing dominance of major financial institutions.
- 📈 Fastest Growth: National Bank recorded the strongest balance growth, expanding its Residential Mortgage + HELOC (RESL) portfolio by 110.9% over the past 10 years.
- 📊 Desjardins increased its market share by 1.00 percentage point, second only to RBC's 1.25 percentage point gain.
As of April 2026, Canada's RESL market stood at approximately $2.71 trillion, with the Big 7 banks controlling more than three-quarters of the market.
10-Year RESL (Residential Mortgage + HELOC) Market Share — Big 7 vs. Other Lenders (2016 – 2026)
| Lender | April 2016 | April 2026 | pp Change |
|---|---|---|---|
| RBC | 17.18% | 18.43% | +1.25 pp |
| TD | 15.49% | 15.42% | -0.07 pp |
| Scotiabank | 12.97% | 12.49% | -0.48 pp |
| CIBC | 11.78% | 10.84% | -0.94 pp |
| BMO | 7.91% | 7.95% | +0.04 pp |
| National Bank | 3.47% | 4.32% | +0.85 pp |
| Desjardins | 6.43% | 7.42% | +1.00 pp |
| Other Lenders | 24.78% | 23.13% | -1.65 pp |
RESL Balance
| Lender | April 2016 | April 2026 | 10-Year Growth |
|---|---|---|---|
| RBC | $275B | $500B | +82% |
| TD | $248B | $418B | +69% |
| Scotiabank | $208B | $339B | +63% |
| CIBC | $189B | $294B | +56% |
| BMO | $127B | $216B | +70% |
| National Bank | $56B | $117B | +111% |
| Desjardins | $103B | $201B | +96% |
| Other Lenders | $397B | $627B | +58% |
As of April 2026, Canada's RESL market stood at approximately $2.71 trillion. Other Lenders calculated as total RESL less Big 7 balances. March 2026 used where April 2026 StatCan data was unavailable; Desjardins quarter-end dates are one month earlier than bank reporting dates. Sources: Statistics Canada, lender reports, WOWA.ca.
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