What is the largest non-bank mortgage lender in Canada?

Canada
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First National, is the largest non-bank mortgage lender in Canada. There are many others like Scotiabank, Home Trust, MCAP, etc.

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Struggling to get a mortgage from banks in Canada is a common problem. That is why non-bank mortgage lenders provide an easy route to obtain finances.

The largest in Canada is First National. It is a single-family-based vast mortgage lender that offers loans for residential as well as commercial properties. You can also engage in trade and investment via them.

Mortgage solutions are provided for home improvements. There are many alternatives to First National like Scotiabank, Equitable Bank, MCAP, etc.

List of Mortgage Lenders in Canada

Here are the 7 most preferred mortgage lenders in Canada after First National.

1. Scotiabank

Scotiabank is short for the Bank of Nova Scotia. It is number three in Canada in terms of market cap and deposits.

2. Home Trust

Home Trust is a subsidiary of Home Capital. It is one of the leading companies in Canada. You can obtain a loan as a mortgage or via credit cards and other deposit products through them.

3. MCAP

MCAP is a Canadian company that has $35Bn+ in mortgages. It is based in Toronto and they have multiple offices across the country.

4. TD Canada Trust

TD Canada is a small financing company that is a part of the Toronto Dominion Bank, Canada. It carries out services like personal and commercial banking on a small scale.

5. Equitable Bank

Equitable Bank falls under the category of Schedule-I banks. Its total assets are around $12Bn. They mainly provide funds for commercial properties in Canada and some investment properties along with some that are owner-occupied.

6. B2B Bank

B2B Bank is also a Schedule-I bank. It is also a subsidiary of Laurentian Bank. It recently acquired AGF Trust.

7. National Bank

National Bank is the 6th largest commercial bank in the country. You will find their branches in almost every province of Canada with their headquarters in Montreal.

Thus, with so many mortgage lenders in Canada, there is no chance that you won’t get a loan for your home.