Quarterly Earnings Archives - Page 2 of 12 - Mortgage Rates & Mortgage Broker News in Canada

August 25, 2023

TD reports strong mortgage volumes and stabilizing amortizations

Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter.

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.

March 8, 2023

First National seeing no signs of stress among mortgages renewing at higher rates

Canada's largest non-bank lender says it hasn't seen any signs of stress among its adjustable-rate nor fixed-rate borrowers who are renewing at higher rates.

March 4, 2023

BMO: 20% of variable-rate mortgage clients have increased payments

Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a fifth of its variable-rate clients have preemptively increased payments.

March 3, 2023

RBC saw a 40% decline in mortgage originations in Q1

Canada's largest bank saw a 40% decline in mortgage originations in the first quarter, it revealed in its first-quarter earnings call.

Equitable Bank says majority of its mortgage borrowers have already renewed at higher rates

“We don’t see vulnerabilities worsening,” OSFI says as it leaves capital buffer for big banks unchanged

Housing market cooldown continued in November, but few signs of widespread selling related to renewal shock

High immigration contributing to housing inflation, BoC says

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