Equitable Group Inc. is a niche mortgage lender whose core business is first charge mortgage financing that are offered through its wholly owned subsidiary, The Equitable Trust Company (Equitable Trust). Founded in 1970, Equitable Trust is a federally incorporated financial institution offering insured deposits. Equitable Trust serves single family, small and large commercial borrowers, and their mortgage advisors. It also serves the investing public as a provider of Guaranteed Investment Certificates (GICs), being licensed to issue GICs in every province and territory across Canada.
Single family customers include business-for-self Canadians, newcomers, and investors who have the financial resources to achieve real estate ownership but do not meet the traditional credit criteria of the major banks. For new single family purchases or re-financing, we provide open and fixed-term mortgages with terms of up to five years on a variety of properties including homes and rental units. Equitable Trust actively originates mortgages in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia.
Our Commercial Mortgage Broker Services line of business lends to qualified entrepreneurs, business operators and real estate investors who seek to buy mixed-use (storefront), retail office, multi-residential, and commercial and industrial properties, while our Commercial Lending Services business funds large, sophisticated transactions that are secured by mortgages originated by commercial broker specialists.
Equitable Group’s common and preferred shares are traded on the Toronto Stock Exchange under the symbols ETC and ETC.PR.A, respectively.