🍁 Residential Mortgage Market Share in Canada (Q2 2024):
• Leader: RBC holds 21.7% of the market share.
• Dominance: The Big 5 banks account for over 70% of the market.
• Largest Credit Union: Desjardins, the largest credit union in Canada, holds a 6.2% market share, close to BMO's 7.6%.
• HELOCs: Adding HELOCs changes the rankings for residential real estate loans to: RBC: 20.6%, TD: 17%, Scotiabank: 13.7%, CIBC: 12.4%, and BMO: 8.8%.
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