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 reports lower mortgage originations

First National sees early boost from mortgage rule changes, but profits lag

May 1, 2025 No Comments

First National saw a sharp rise in residential mortgage funding in the first quarter of 2025, continuing its momentum from Q4.

First National sees 44% jump in single-family mortgage originations, but revenue boost deferred

March 17, 2025 No Comments

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

March 5, 2025 1 Comment

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

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

broker lender quarterly earnings results

Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year

February 27, 2025 No Comments

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

February 26, 2025 No Comments

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

February 25, 2025 No Comments

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

December 8, 2024 No Comments

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

December 5, 2024 No Comments

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

December 4, 2024 No Comments

RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

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