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Commercial Banking in Ontario

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS ON52211CA

Commercial Banking in Ontario industry analysis

Revenue for the Commercial Banking industry in Ontario is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x,xxx locations over the past five years. Industry employment has increased an annualized x.x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x billion.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x% to x,xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x billion.

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About the Commercial Banking in Ontario Market Research Report

What’s Included in the Commercial Banking in Ontario Market Research Report

Definition of the Commercial Banking in Ontario?

Operators in the Commercial Banking industry in Canada provide financial services to retail and business clients in the form of commercial, industrial and consumer loans. Banks also accept deposits from customers, which are used as a source of funding for the loans. Banks in this industry include those that are regulated by the Office of the Superintendent of Financial Institutions.

What’s included in the Commercial Banking in Ontario?

The Commercial Banking in Ontario includes providing home equity loans and lines of credit, providing automobile loans, providing real estate secured lending, providing personal deposit products and providing business banking services. Related terms covered in the Commercial Banking in Ontario industry report includes funds set aside as allowances for bad debts, which are debts where the customer defaults or where the terms of the loan need to be renegotiated, when a customer fails to pay back money received through a loan to the bank and the six largest commercial banks in canada, which include royal bank of canada, toronto-dominion bank, canadian imperial bank of commerce, scotiabank, bank of montreal and the national bank of canada.

Industry Performance of the Commercial Banking industry in Ontario

Benchmark the Commercial Banking in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Commercial Banking in Ontario

#1 in Highest Revenue 42.7% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Commercial Banking in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Commercial Banking industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, overnight rate, corporate profit and aggregate household debt are impacting Commercial Banking in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Overnight rate
Corporate profit
Aggregate household debt

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Commercial Banking industry in Ontario

Access proprietary data on Census Metropolitan Area in the Commercial Banking in Ontario, such as Toronto, Ottawa - Gatineau and Hamilton. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Commercial Banking industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Commercial Banking industry in Ontario in 2025?

The market size of the Commercial Banking industry in Ontario is $209.2bn in 2025.

How many businesses are there in the Commercial Banking industry in Ontario in 2025?

There are 3,769 businesses in the Commercial Banking industry in Ontario, which has been growing at an average annual rate of 6.4% from 2020 to 2025.

Has the Commercial Banking industry in Ontario grown or declined over the past 5 years?

The market size of the Commercial Banking industry in Ontario has been growing at an average annual rate of 14.1% from 2020 to 2025.

How many employees in the Commercial Banking industry in Ontario in 2025?

There are 131,436 employees in the Commercial Banking industry in Ontario, which has been growing at an average annual rate of 2.8% from 2020 to 2025.