Press Release
Rising Home Equity Utilization to Drive Canada’s Lending Market Expansion
Pune | December 4, 2025
The Canadian Home Equity Lending market is experiencing steady expansion, reaching an estimated USD 179.4 billion in 2024 and projected to exceed USD 291.6 billion by 2032. This growth reflects increasing homeowner reliance on home equity as a financial tool, supported by rising property values and stronger consumer awareness.
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Driven by a projected CAGR of 4.35% from 2025 to 2032, the market is witnessing notable momentum across both Home Equity Loans and Home Equity Lines of Credit (HELOCs). Digital lending advancements, product innovations, and increased borrower confidence are further accelerating the adoption of home equity lending solutions in Canada.
The market also presents lucrative opportunities across multiple borrower segments, including individual and joint borrowers, as well as residential homeowners and real estate investors.
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Key product segments in the Canadian market include:
• Home Equity Loans
• Home Equity Lines of Credit (HELOC)
Primary borrowing purposes comprise:
• Home Renovation
• Debt Consolidation
• Education
• Major Purchases
• Others
Borrower types include:
• Individual Borrowers
• Joint Borrowers
End-user categories analyzed:
• Residential Homeowners
• Real Estate Investors
Major financial institutions shaping the Canadian Home Equity Lending landscape include:
• Royal Bank of Canada (RBC)
• Toronto-Dominion Bank (TD)
• Bank of Nova Scotia (Scotiabank)
• Bank of Montreal (BMO)
• Canadian Imperial Bank of Commerce (CIBC)
• National Bank of Canada
• Home Trust Company
• Equitable Bank
• First National Financial LP
• Manulife Bank of Canada
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About Global Data Route Analytics
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.
Media Contact:
Srushti Tungar
Global Data Route Analytics.
