The RBC Capital Markets is marketing what is likely to be one of very few offerings of Canadian commercial mortgage bonds this year.

Mortgage bonds play a much smaller role in Canada’s economy than they do in the U.S., where conduit lenders account for about a quarter of all real estate lending. And since the middle of last year, when weakness in oil prices roiled Canada’s capital markets, it’s been even harder to compete with traditional portfolio lenders such as commercial banks and insurance companies.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.