First National Financial LP

Annual Reports

2021 at a Glance


Single family residential customers served by First National in 2021 across Canada.

$150+ Billion

The dollar value of housing loans First National has made since its IPO in 2006, including to first-time buyers to help them realize their dreams of home ownership.


Commercial customers served by First National in 2021 across Canada.


First National is certified as a “Great Place to Work®” and proud to be recognized by the Great Place to Work Institute as one of Canada’s top employers since 2017.


The number of people we employ at First National grew by 30% year-over-year in 2021 as we responded to record mortgage demand with record job creation.

$123.9 Billion

Mortgages Under Administration (MUA) – the source of most of the Company's earnings – reached this milestone at year-end 2021, a 4% increase over 2020.

$1.39 Billion

Revenue in 2021 increased 1% over 2020.

$194.6 Million

Record net income in 2021 ($3.20 per share) was achieved.


After-tax Pre-Fair Market Value return on shareholders’ equity in 2021 demonstrated the efficiency of the First National business model.