
Quarterly Earnings
Each quarter we pick through the quarterly earnings presentations and conference calls of the Big 6 banks and key mortgage lenders to bring you all the mortgage notables. This includes updates on mortgage originations and volumes, as well as insights from executives on the latest trends and outlooks.


Despite tough quarter, TD sees year-over-year market share gains in mortgage lending
Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

Some mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC
RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

Scotiabank sees rise in mortgage arrears but remains optimistic about renewals
In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.

Banks head into Q4 with investors looking for better days ahead
The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

First National sees potential gains from recent mortgage rule changes
In its Q3 earnings report, First National also noted that competitive pressures have led to a year-over-year drop in origination volumes.

RBC warns of rising mortgage losses through 2025 with upcoming renewals
BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says

Scotiabank hits “inflection point” with successful multi-product mortgage strategy
Deposit growth strategy pays off as Scotiabank strengthens customer relationships amid mortgage volume dip

BMO reports rising mortgage delinquencies and loan loss provisions in Q3
High interest rates drove BMO’s mortgage delinquency rate higher in the third quarter, according to the bank’s latest earnings results.

Despite first quarterly loss in 21 years, TD sees strong mortgage volumes in Q3
TD Bank braces for historic U.S. fine amid AML issues but sees 6% growth in mortgage lending