Lender taps seasoned expert to boost market growth
Glasslake Funding announced on Tuesday that Kevin Carroll has joined its executive team. The move is expected to bolster the company’s growth as it looks to expand into new segments of the Canadian market.
Carroll brings 25 years of experience in the mortgage industry, including a recent tenure as vice president of home financing solutions at Scotiabank, according to a news release. He is also described as bringing expertise in leading business development to his new role, following a stint at Maple Trust in 2005.
According to Glasslake Funding, Carroll is a versatile leader with a strong track record in sales, operations, and personnel management. The company says his focus on “optimizing operations, motivating employees, and establishing market presence” aligns well with its own profile.
“Glasslake has a unique and aggressive growth trajectory backed with a young and energetic team of driven individuals,” said Carroll. “The company’s track record in such a short period of time paired with their vision and mission to be different, is refreshing! I couldn’t be more thrilled to join Glasslake.”
The appointment comes at a strategic time for the Canadian housing market, which is seeing a mix of trends in 2025. While national sales and prices have seen modest increases, according to reports from the Canadian Real Estate Association, affordability remains a central concern for many buyers.
In April, Canada Mortgage and Housing Corporation (CMHC) reported an increase in housing starts, particularly in Québec and the Prairies, driven by multi-unit projects. Despite these national gains, some major markets like Toronto and Vancouver have struggled to keep pace, with experts noting a softening in the luxury condo market in Toronto. The Bank of Canada has also played a role, holding its policy rate steady at 2.75% in early June, which some analysts believe could encourage buyers to re-engage with the market as borrowing costs stabilize.
Glasslake Funding expects Carroll’s extensive experience and market foresight will be a “game-changer” as the company pursues opportunities in single-family, multi-residential, and commercial sectors.
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