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.

RBC warns of rising mortgage losses through 2025 with upcoming renewals

September 3, 2024 2 Comments

BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says

Scotiabank hits “inflection point” with successful multi-product mortgage strategy

August 29, 2024 No Comments

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

August 27, 2024 No Comments

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

August 22, 2024 No Comments

TD Bank braces for historic U.S. fine amid AML issues but sees 6% growth in mortgage lending

First National sees Q2 drop in single-family originations, but mortgage portfolio expands

August 12, 2024 1 Comment

Despite a drop in single-family mortgage originations, First National’s commercial lending and overall mortgage portfolio showed robust growth in Q2.

RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio

June 16, 2024 No Comments

While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges ‘pockets of stress’ among select borrowers.

EQB sees impaired loans double in Q2, but expects improvement ahead

June 3, 2024 No Comments

Alternative mortgage lender EQB saw a rise in gross impaired loans in the second quarter compared to a year ago, but highlighted recent improvements and expects losses to stabilize going forward.

BMO reports increased delinquencies, predicts prolonged high interest rates

May 30, 2024 No Comments

BMO reported a rise in delinquencies in the second quarter and said it expects credit challenges to persist with interest rates now likely to remain

Scotiabank announces competitive pricing

Scotiabank says variable-rate mortgage clients “showing signs of stress”

May 29, 2024 1 Comment

Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.

First National saw Q1 residential mortgage originations fall 20% as competition in the broker channel intensified

May 28, 2024 No Comments

Canada’s largest non-bank lender continued to see a slowdown in its residential mortgage originations in the first quarter, which were down 20% from last year.

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