📊 Mortgage Lenders Market Share in Ontario, Quebec, BC, and Prairies: Desjardins dominates in Quebec, while RBC is the leader across Canada and in every other region.
In Canada, RBC holds a 21.7% market share compared to Desjardins' 6.2%. However, in Quebec, Desjardins claims an impressive 34% market share!
Key Insights:
- Excluding Quebec, RBC, Scotiabank, and TD rank 1st to 3rd in most regions when looking solely at residential mortgages. When adding HELOCs, TD moves to 2nd after RBC in these regions.
- Quebec has a unique ranking with Desjardins, RBC, and National Bank leading the market.
- Regional distribution of the Mortgages of Chartered Banks and Desjardins: Ontario 49.3%, Quebec 17.6%, British Columbia 17.2%, and Alberta 9.4%.
- CIBC has a stronger focus on Ontario.
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