
earnings calls


Scotiabank sees rise in mortgage arrears but remains optimistic about renewals
In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.

First National sees Q2 drop in single-family originations, but mortgage portfolio expands
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
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
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
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 says variable-rate mortgage clients “showing signs of stress”
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
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.

TD Bank sees mortgage volumes rise 7% in Q2, gains market share
Despite a slow real estate market and high interest rates, TD Bank reported a 7% increase in real estate secured lending (RESL) in the second quarter.

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes
First National wrapped up a “successful” 2023 in spite challenging economic conditions and a drop in residential mortgage originations.