Quarterly Earnings Archives - Mortgage Rates & Mortgage Broker News in Canada

September 12, 2023

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year

CIBC reports that its mortgage clients are so far managing to absorb the payment shocks as their mortgages come up for renewal at higher rates.

August 31, 2023

“Performance has been stellar” on mortgage renewals so far: BMO

Despite facing mortgage payment increases of roughly 10% to 20%, BMO says the majority of its mortgage clients are having no issues with their renewals.

August 30, 2023

Scotiabank continues to slow its mortgage business in favour of multi-product clients

Scotiabank continued to deliberately slow its mortgage lending in the third quarter amid heightened economic risk and as part of its plan to be more selective with onboarding new clients.

August 28, 2023

Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC

While RBC posted stronger-than-expected earnings results, the bank said it expects credit losses to intensify in the coming months as interest rates remain elevated.

August 24, 2023

First National comments on underwriting partnership with BMO, says move is an “endorsement of the channel”

BMO's decision to work with First National as its underwriting partner for its return to the broker channel served as an endorsement of both FN's services and the channel as a whole.

Equitable Bank and First National Q3 earnings

August 22, 2023

EQB borrowers remain resilient despite renewal rate shock

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.

Equitable Bank reports resilient mortgage borrowers

May 10, 2023

Despite “sticker shock” of mortgage renewals, Equitable Bank says clients showing “remarkable resilience”

Despite facing sharply higher mortgage rates on their mortgage renewals, Equitable Bank says its borrowers have so far shown "remarkable resilience."

May 3, 2023

First National reports no issues with its mortgage renewals so far

Canada's largest non-bank lender says it has not yet encountered any issues with its mortgage borrowers renewing at higher interest rates.

March 30, 2023

Dominion Lending Centres tops $70B of funded volume in 2022

Dominion Lending Centres and its subsidiaries ended 2022 with $70.6 billion in funded volume, a 10% decrease from 2021, the company reported this week.

National Bank of Canada Q1 2023 earnings

March 27, 2023

National Bank seeing fewer delinquencies in Quebec vs. other regions

A better-than-national unemployment rate in Quebec is translating to fewer delinquencies in National Bank of Canada's mortgage portfolio for that province.

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

Recession expected to drive home prices down another 10%: Oxford

Half of non-homeowners in Canada losing hope of buying property: MPC survey

“Ups and downs” in inflation not unusual: BoC

Interest rates expected to fall to 3.00% by end of 2024

Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC

Bank of Canada concerned inflation could remain “stuck” above 2%

The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI

Bank of Canada watching trend of longer amortization periods among borrowers

Quarterly Earnings