
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.


First National sees 44% jump in single-family mortgage originations, but revenue boost deferred
First National posted a strong fourth quarter, with funded single-family residential mortgages surging 44% year-over-year.

TD sees flat mortgage growth in Q1, but says proprietary channels driving future potential
TD Bank reported flat growth in its residential mortgage portfolio for Q1 2025, attributing part of the weakness to seasonality.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave
As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year
Equitable Bank is optimistic about continued loan growth in 2025, buoyed by expectations that most of its single-family mortgage borrowers will renew at lower rates this year.

BMO’s negative amortization mortgages shrink as 1 in 3 renewals see lower payments
More BMO mortgage borrowers are seeing their payments ease, while the number of negative amortization mortgages continues to shrink.

Scotiabank says rate cuts are easing pressure on borrowers, but warns tariffs could stall economic recovery
Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked
BMO’s credit performance worsened more than expected, contributing to a 15% year-over-year decline in adjusted full-year earnings.

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.