Creating a platform for future growth

Building on our strengths and proven performance, we’re ready for more and are poised to begin a new and innovative chapter.

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Building on our strengths and proven performance, we’re ready for more and are poised to begin a new and innovative chapter.

Corporate Overview

Street Capital Group Inc. operates primarily through its wholly owned subsidiary Street Capital Bank of Canada, which offers a broad range of deposit and residential mortgage solutions to Canadians. Street Capital is one of the largest lenders in the mortgage broker channel, with approximately 130,000 mortgage customers and a strong and sizeable network of broker relationships. The Company’s objective is to continue to create shareholder value by building a substantial, diversified financial services organization. The Company is headquartered in Toronto, Ontario, with offices in Calgary, Alberta and Vancouver, British Columbia.

Street Capital Group Inc. is listed on the Toronto Stock Exchange and trades under the ticker SCB.

Why invest in Street Capital

1. Shareholder-aligned management team with expertise in all retail lending products

Street Capital’s founders, W. Ed Gettings, (CEO), Lazaro DaRocha, (President) and Paul Grewal, (Vice Chair), started Street Capital Financial Corporation in 2007. Since that time, the company has continued to strengthen its management team, adding individuals with deep experience running mortgage and consumer lending operations in Canada. In 2017, Street Capital welcomed Duncan Hannay as President and CEO, Jeff Marshall as Chief Product and Marketing Officer and Greg Parker as Executive Vice President of Capital Markets and Treasury. As a management team and board of directors, we are aligned with our shareholders as we collectively hold 25% of the outstanding common shares of Street Capital. 

2. #3 player in mortgage broker channel – strong foundation of revenue and earnings

With over 250 employees and offices in Toronto, Vancouver and Calgary, we offer a broad range of competitive residential mortgage solutions to Canadians. Street Capital sources its mortgages primarily through its network of high-quality independent mortgage brokers. Mortgage brokers are an important distribution channel in Canada, capturing over half of first time homebuyers and 42% of repeat buyers, according to the 2015 Mortgage Consumer Survey by the Canada Mortgage and Housing Corporation (“CMHC”).

3. Proven risk manager

Our success, yesterday and tomorrow, will always be rooted in quality. We’re known for rigorous and proven underwriting. Our credit quality is well above industry average, with our serious arrears at half the industry levels and our CMHC early default rate, which is an indicator of the quality of the underwriting of our mortgage portfolio, at less than half the industry average. Our culture is established to live and breathe credit quality. The overall market is composed of distinct credit segments. Street Capital is focused on underwriting loans at the very top of the quality scale.

4. Predictable, high margin renewal stream – near-term growth catalyst

Although the Company outsources servicing of the mortgages it underwrites to third parties, it continues to administer them, and therefore remains the face of all direct communication with borrowers throughout the mortgage term. This ongoing customer relationship is a key part of the long-term growth, profitability and recognition of the Street Capital brand, since it promotes renewals. Acquisition costs of renewed mortgages are much less than those of new ones, meaning that renewals will be an important driver of future profitability. Street Capital Financial targets a renewal rate of approximately 75–80% for mortgages it has originated, which is in line with the industry norm, and expects to achieve higher overall margins as mortgage renewals become a greater part of its mix of business.

5. Schedule I bank – generating sustainable growth for many years to come

Ten years young, with over $25 billion of mortgages under administration, we are now at an inflection point. We are positioned to build on our proven strengths and scale to unlock the value of our approximately 130,000 customers and established broker relationships, through the launch of our Schedule I bank, Street Capital Bank of Canada. The addition of the bank licence will enable us to raise deposits for the expansion of products beyond insured residential mortgages. This will enable us to diversify our revenue sources and in the coming years we will expand into a full suite retail lending financial institution. Long-term, we see an opportunity in the Canadian market for a full-suite, multi-channel retail banking offer, enabled by technology.

6. Committed to driving solid returns on capital and shareholder value

As a management team and board of directors, we are aligned with our shareholders as we collectively hold 25% of the outstanding common shares of Street Capital. As we build-out our Schedule I bank platform, we are committed to prudent and profitable growth, with return on capital at the core of every decision we make. 


Our  management team is broad, deep and diverse. With decades of cumulative experience, our  leadership team brings a wealth of experience in financial services and strategic management.

Investor Toolbox

Street Capital Group Inc. is listed on the Toronto Stock Exchange (TSX:SCB)

people talking around a board room table

Street Capital Group Inc. is listed on the Toronto Stock Exchange (TSX:SCB)

Investor Tools

Corporate Governance

Street Capital Group Inc.’s Board of Directors is committed to sound corporate governance practices that are in the interest of shareholders and contribute to prudent and effective decision-making.

As such, Directors of the Street Capital Group have implemented thorough and effective corporate governance arrangements. The objective of the Board is to meet and, where appropriate, exceed all corporate governance guidelines.

Board of Directors Mandate

Board of Directors
Governance Policies

The Board has adopted policies which reflect best practices in governance and disclosure. These include a Disclosure Policy, a Code of Conduct and Ethical Behaviour, a Whistleblower Code, and a Securities Trading Policy.


Disclosure Policy 

Code of Conduct & Ethical Behaviour

Whistleblower Code

Securities Trading Policy

Committee Membership
Audit Committee
Lea Ray (Chair)
Ronald Appleby
Tom Bermingham
Goverance, Conduct Review and Compensation Committee
Morris Perlis (Chair)
Ronald Appleby
Ron Lalonde
Enterprise Risk Management Committee *
*Committee of Street Capital Bank of Canada
Ron Lalonde (Chair)
Tom Bermingham
Lea Ray

Analyst coverage

Please note that any opinions, estimates or forecasts regarding Street Capital Group’s performance made by analysts covering Street Capital Group are theirs alone and do not represent the opinions, forecasts, or predictions of Street Capital Group or its management. Street Capital Group does not by its reference above imply any endorsement of or concurrence with such information, conclusions or recommendations.

Key dates in our history

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 – Street Capital Group Inc. renamed from Counsel Corporation.

On May 14, 2015, Counsel Corporation announced that it would be realigning its organizational structure as part of its transition from operating multiple businesses in diverse markets, to a focused financial services company. Counsel Corporation changed its name to Street Capital Group Inc. to promote brand recognition and efficiency.

2011 – Counsel Corporation acquires Street Capital Financial Corporation.

On May 31, 2011, Counsel established its residential mortgage lending business with the acquisition of Street Capital, a Canadian residential mortgage lender.

2007 – Street Capital Financial Corporation is founded by W. Ed Gettings, Paul Grewal, and Lazaro DaRocha.

1991 – FirstLine Trust Sold.

1986 – Directrust Founded.

Directrust was the first financial institution in Canada to offer 24/7 telephone banking services.

1984 – FirstLine Trust Founded.

Counsel Corp. pioneered the mortgage-backed securities business in Canada through FirstLine Trust. When CMHC initiated its own mortgage-backed securities (MBS) program in 1987, FirstLine became its largest issuer and maintained that position until Counsel sold it in May 1991. At the end of 1990, FirstLine had 30% of the Canadian MBS market and over $2 billion in assets under administration.

1979 – Counsel Trust Company Founded.

Investor Relations

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This site may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors outside of Street Capital Group’s control.  Before investing, we recommend you review Street Capital Group’s filings with securities administrators. This material is for information purposes only and does not constitute an offer to sell or a solicitation to buy securities.