🍁 Residential Real Estate Loans (Mortgage + HELOC) Market Share in Canada (Q2 2025):
| Institution | Mortgage (Billions) | HELOC (Billions) | Mortgage + HELOC (Billions) | Market Share▼ |
|---|---|---|---|---|
| RBC | 444.898 | 37.833 | 482.73 | 19.8% |
| RBC (exc. HSBC) | 411.210 | 36.495 | 447.70 | 18.4% |
| TD | 270.041 | 128.551 | 398.59 | 16.4% |
| Scotia | 305.388 | 23.301 | 328.69 | 13.5% |
| CIBC | 269.400 | 19.500 | 288.90 | 11.9% |
| BMO | 160.938 | 50.558 | 211.50 | 8.7% |
| Desjardins | 134.284 | 6.457 | 140.74 | 5.8% |
| National Bank | 74.768 | 29.990 | 104.76 | 4.3% |
| Other | 413.790 | 64.380 | 478.17 | 19.6% |
Source: Statistics Canada, CMHC, Lenders' Quarterly and Annual Financial Reports
- Leader: RBC holds the largest market share at 19.8%.
- Dominance: The Big Six banks, along with Desjardins, collectively control over 80% of the market.
- Home Equity Lines of Credit (HELOCs): HELOCs account for 15% of all residential real estate loans, while the remaining 85% consists of residential mortgages.
- Residential Mortgage: When HELOCs are excluded from residential real estate loans, the rankings for the remaining $2.07 Trillion residential mortgages are as follows:
- RBC: 21.5%
- Scotiabank: 14.7%
- TD: 13%
- CIBC: 13%
- BMO: 7.8%
- All credit unions (excl. Desjardins): 6.8%
- Desjardins: 6.5%
- National Bank: 3.6%
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.