Bank of Montreal

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

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

April 30, 2024 No Comments

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

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

March 4, 2023 No Comments

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.

BMO: No issues with mortgage renewals at this time

December 1, 2022 No Comments

The Bank of Montreal (BMO) is the latest of Canada’s big banks to confirm most of its mortgage clients haven’t yet experienced challenges with their

BMO sees “modest” risk of rising delinquencies as mortgages renew at higher rates

August 30, 2022 No Comments

In its third-quarter earnings call, the Bank of Montreal said rising interest rates will have the greatest impact on mortgage borrowers at renewal time.

MCAP & BMO: The Bigger Picture

June 15, 2017 3 Comments

What would brokers do without the Big 6 banks? Think about that. Banks, directly or indirectly, fund more than three out of four broker deals.

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