🍁 Loan Portfolio of Canadian Lenders (Q2 2026)
Canadian lenders hold $6.05 trillion in loans globally, with 78% ($4.7 trillion) in Canada. Residential real estate accounts for 55% of domestic lending.
Key Points:
1️⃣ Market Share:
- 🔹 The Big 5 Banks hold 68% of total loans.
- 🔹 The Big 7 (Big 6 banks + Desjardins) account for close to 78% of the market.
2️⃣ Residential Lending:
Residential mortgages + HELOCs in Canada represent 55% of domestic lending and 43% of all loans issued globally by Canadian lenders.
3️⃣ World Ranking:
Canada's $3.2 trillion in household debt, with a debt-to-GDP ratio of 96%, ranks among the highest in the world, behind only Australia and Switzerland.
4️⃣ Beyond the Big 7:
The next-largest loan providers are First National, MCAP, nesto, and ATB.
5️⃣ Top Credit Unions (by loan portfolio):
- 🔹 Desjardins: $315B
- 🔹 Servus: $26.4B
- 🔹 Vancity: $26.1B
- 🔹 Meridian: $23.6B
- 🔹 Coast Capital: $19.4B
6️⃣ Geographic Breakdown:
Nearly 22% of all loans held by Canadian lenders are outside Canada.
Loan Portfolio of Canadian Lenders (Q2 2026)
| Lender | Loan Portfolio (In Billion CA$) |
|---|---|
| RBC | $1,073 |
| TD | $998 |
| Scotiabank | $767 |
| BMO | $680 |
| CIBC | $600 |
| Desjardins | $315 |
| National Bank | $310 |
| First National | $168 |
| MCAP | $156 |
| Nesto/CMLS | $80 |
| ATB | $61 |
| Equitable Bank | $43.8 |
| Laurentian Bank | $36.0 |
| Manulife Bank | $30.5 |
| Fairstone Bank | $29.2 |
| Servus Credit Union | $26.4 |
| Vancity | $26.1 |
| Meridian Credit Union | $23.6 |
| Coast Capital Credit Union | $19.4 |
| Others | $611 |
Total Loans: $6.05 Trillion ($4,712B in Canada, $1,343B outside Canada). Data as of March/April 2026, unless stated. Sources: Statistics Canada, OSFI, Big 6 geographic distribution from lender reports, WOWA.ca.
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