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Retail Lending in Canada- Product Image
Retail Lending in Canada- Product Image
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Retail Lending in Canada

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    Report

  • 49 Pages
  • June 2025
  • Region: Canada
  • MarketLine
  • ID: 5995745
Description Jump to:
Retail Lending in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Retail lending market covers mortgage and consumer credit. The market value reflects residential mortgage and personal loan balances outstanding at the end of the year.
  • The Canadian retail lending market recorded balances outstanding of $2.07 trillion in 2024, representing a compound annual growth rate (CAGR) of 5.2% between 2019-24.
  • The mortgage credit segment accounted for the market's largest proportion in 2024, with total balances outstanding of $1.63 trillion, equivalent to 79.0% of the market's overall value.
  • The healthy growth of the Canadian retail lending market during 2019-24 can be attributed to low interest rates and supportive monetary policy during and after the pandemic encouraged borrowing, particularly for mortgages and personal loans, contributing to market expansion.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the retail lending market in Canada
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the retail lending market in Canada
  • Leading company profiles reveal details of key retail lending market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Canada retail lending market with five year forecasts

Reasons to Buy

  • What was the size of the Canada retail lending market by value in 2024?
  • What will be the size of the Canada retail lending market in 2029?
  • What factors are affecting the strength of competition in the Canada retail lending market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Canada's retail lending market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the key market players?
7.2. What strategies do the key market players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Royal Bank of Canada
8.2. The Toronto-Dominion Bank
8.3. The Bank of Nova Scotia
8.4. Bank of Montreal
8.5. Canadian Imperial Bank of Commerce
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Canada retail lending market value: $ billion, 2019-24
Table 2: Canada retail lending market category segmentation: % share, by value, 2019-24
Table 3: Canada retail lending market category segmentation: $ billion, 2019-24
Table 4: Canada retail lending market geography segmentation: $ billion, 2024
Table 5: Canada retail lending market value forecast: $ billion, 2024-29
Table 6: Royal Bank of Canada: Key Facts
Table 7: Royal Bank of Canada: Annual Financial Ratios
Table 8: Royal Bank of Canada: Key Employees
Table 9: Royal Bank of Canada: Key Employees Continued
Table 10: The Toronto-Dominion Bank: Key Facts
Table 11: The Toronto-Dominion Bank: Annual Financial Ratios
Table 12: The Toronto-Dominion Bank: Key Employees
Table 13: The Bank of Nova Scotia: Key Facts
Table 14: The Bank of Nova Scotia: Annual Financial Ratios
Table 15: The Bank of Nova Scotia: Key Employees
Table 16: The Bank of Nova Scotia: Key Employees Continued
Table 17: Bank of Montreal: Key Facts
Table 18: Bank of Montreal: Annual Financial Ratios
Table 19: Bank of Montreal: Key Employees
Table 20: Canadian Imperial Bank of Commerce: Key Facts
Table 21: Canadian Imperial Bank of Commerce: Annual Financial Ratios
Table 22: Canadian Imperial Bank of Commerce: Key Employees
Table 23: Canada Size of Population (Million), 2020-24
Table 24: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 25: Canada GDP (Current Prices, $ Billion), 2020-24
Table 26: Canada Inflation, 2020-24
Table 27: Canada Consumer Price Index (Absolute), 2020-24
Table 28: Canada Exchange Rate, 2019-24
List of Figures
Figure 1: Canada retail lending market value: $ billion, 2019-24
Figure 2: Canada retail lending market category segmentation: $ billion, 2019-24
Figure 3: Canada retail lending market geography segmentation: % share, by value, 2024
Figure 4: Canada retail lending market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the retail lending market in Canada, 2024
Figure 6: Drivers of buyer power in the retail lending market in Canada, 2024
Figure 7: Drivers of supplier power in the retail lending market in Canada, 2024
Figure 8: Factors influencing the likelihood of new entrants in the retail lending market in Canada, 2024
Figure 9: Factors influencing the threat of substitutes in the retail lending market in Canada, 2024
Figure 10: Drivers of degree of rivalry in the retail lending market in Canada, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Royal Bank of Canada
  • The Toronto-Dominion Bank
  • The Bank of Nova Scotia
  • Bank of Montreal
  • Canadian Imperial Bank of Commerce

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About the Retail Lending Market

Retail lending is a type of banking activity that involves providing loans to individuals and businesses for personal, family, or household purposes. It is a key component of the banking industry, as it allows banks to generate income from interest payments on loans. Retail lending products include mortgages, auto loans, personal loans, and credit cards. Banks typically assess the creditworthiness of borrowers before approving a loan, and may also require collateral to secure the loan. Retail lending is a competitive market, with banks competing for customers by offering attractive interest rates and loan terms. Banks also use technology to streamline the loan application process and provide customers with a more convenient experience. Additionally, banks may offer additional services such as financial advice and budgeting tools to help customers manage their finances. Some companies in the retail lending market include Bank of America, Wells Fargo, JPMorgan Chase, Citibank, and US Bank. Show Less Read more

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