Who We Are
Founded in 2007 as Street Capital Financial Corporation, the company proudly operated as a successful residential mortgage lender for almost ten years before receiving approval to convert into a Schedule I bank. Street Capital Bank of Canada commenced operations on February 1, 2017.
Street Capital Bank of Canada is one of this country’s largest broker-channel sourced residential mortgage lenders by market share, having originated over $40B since inception and currently has over $25B in mortgages under administration. We are an approved MBS Issuer/CMB Seller and an approved lender with the Canada Mortgage and Housing Corporation (CMHC), Canada Guaranty Mortgage Insurance Company and Genworth Canada.
Headquartered in Toronto, Ontario, with offices in Calgary, Alberta and Vancouver, British Columbia, Street Capital Bank of Canada is a wholly owned subsidiary of Street Capital Group Inc., a publicly traded financial services company listed on the Toronto Stock Exchange (TSX: SCB).
In addition to continuing to be a leading mortgage lender, our long term Mission is to provide to all Canadians a broad spectrum of relevant financial services solutions delivered through an exceptional customer experience. Upon commencing operations as a Bank, Street Capital Bank of Canada launched its first deposit product—a suite of GIC offers distributed through registered deposit dealers. In 2017 we will launch an expanded residential mortgage product suite designed to provide Canadians a wider selection of mortgage financing options. Street Capital Bank of Canada is planning to launch a credit card program in 2018 and additional products will be offered in future years as we continue to build and expand our banking platform.
Street Capital Bank of Canada: Our History
2017 – Street Capital Bank of Canada launches its first deposit product—a suite of GICs distributed by registered deposit dealers.
2017 – Street Capital Bank of Canada commences operations.
After receiving regulatory approval in late 2016, Street Capital Financial Corporation begins operations as Street Capital Bank of Canada on February 1, 2017.
2015 – Counsel Corporation is renamed Street Capital Group Inc.
After realigning its organizational structure from operating multiple businesses in diverse markets into a focused financial services company, Counsel Corporation changes its name to Street Capital Group Inc. to promote brand recognition and to enhance management's focus on growing Street Capital.
2013 – Street Capital receives approval to be NHA MBS issuer and CMB seller.
Street Capital receives approvals from the Canada Mortgage and Housing Corp. (CMHC) to be an approved issuer of National Housing Act mortgage backed securities (NHA MBS) and an approved seller under the Canada Mortgage Bond (CMB) program.
2012 – Street Capital surpasses $5 Billion in annual mortgage originations.
Demonstrating its strength as a broker channel focused mortgage lender, Street Capital originates $5.5 Billion dollars worth of residential mortgages in 2012, the first year Street Capital achieved this important milestone, while surpassing $10 Billion dollars in mortgages under administration.
2011 – Counsel Corporation acquires Street Capital Financial Corporation.
On May 31, 2011, Counsel Corporation re-enters the residential mortgage lending business by acquiring Street Capital Financial Corporation. Street Capital's existing management team stays with the company to continue to operate the business.
2009 – Street Capital surpasses $1 Billion in new mortgage originations.
Proving itself as an innovative and competitive mortgage lender, Street Capital originates $1.4 Billion dollars in only its second full year of operations.
2008 – Street Capital enters the Prime Residential mortgage market with the launch of an Insured mortgage lending product suite
2007 – Street Capital Financial Corporation is founded by W. Ed Gettings, Paul Grewal, and Lazaro DaRocha.
The senior executive team at Street Capital Bank of Canada is made up of highly respected professionals with established industry presence. Their combined expertise and experience provide a solid foundation for this leading and innovative banking institution. With decades of cumulative experience, this group of professionals bring a wealth of relationships and resources to Street Capital’s business.
W. Ed GettingsChief Executive Officer