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. Royal Bank of Canada is the largest mortgage lender in Canada with residential mortgages of more than C$233 billion. First National is the largest non-bank originator and underwriter of residential and commercial mortgages in Canada with more than C$90 billion in mortgages under administration.

Rank Company Residential Mortgages, C$b
October 31, 2015
Non-residential Mortgages, C$b
October 31, 2015
1 Royal Bank of Canada $233.525 $13.797
2 The Bank of Nova Scotia $217.498 $2.277
3 Toronto-Dominion Bank $212.373 $39.835
4 CIBC $169.258 $7.791
5 Bank of Montreal (BMO) $105.918 $10.981
6 Desjardins Group * $101.420 n/a
7 First National * $72.649 $19.981
8 National Bank of Canada $43.520 $1.703
9 HSBC Bank Canada $19.997 $0.006
10 Home Trust $16.443 $1.473
11 Laurentian Bank of Canada $16.192 $3.056
12 Tangerine Bank ** $14.085 $0.108

* Data as of September 30, 2015
** Tangerine Bank is a subsidiary of Scotiabank.