bmo Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

Banks head into Q4 with investors looking for better days ahead

December 1, 2024 No Comments

The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

Mortgage Digest: Bank of Canada raises concerns over economic risks as inflation nears target

September 23, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

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.

Mortgage arrears have yet to peak, but unlikely to reach long-term norm: BMO

July 29, 2024 No Comments

Despite a gradual rise, Canadian mortgage arrears are expected to remain manageable due to the economic recovery and the mortgage stress test

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.

Rate cut odds steep following weak inflation data

Canada’s latest GDP figures may prompt Bank of Canada summer rate cut: Economists

April 30, 2024 No Comments

Canada’s quarterly gross domestic product edged up 0.2% in Febuary, according to Statistics Canada data published April 30, suggesting the Bank of Canada may have a reason to cut rates in the summer.

BMO ramping up its broker channel division with new network partnerships

March 25, 2024 No Comments

Since its official launch in late January, BMO’s BrokerEdge division has been making waves and slowly growing its presence in Canada’s mortgage broker channel.

BMO sees rise in loan losses, but says mortgage clients remain “resilient”

February 28, 2024 No Comments

BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year with expected Bank of Canada rate cuts.

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