equitable bank Archives - Mortgage Rates & Mortgage Broker News in Canada

Weekly Mortgage Digest: 84% of young Canadians prioritize homeownership despite affordability challenges

August 28, 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.

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.

Mortgage delinquencies on the rise, says Equifax Canada

Equitable Bank’s mortgage arrears rate triples amid surge in renewals

March 11, 2024 No Comments

Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates.

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

December 8, 2023 1 Comment

Alternative lender Equitable Bank revealed today that a majority of its residential mortgage clients have already renewed at higher interest rates and have largely absorbed the increases.

Latest in mortgage news: Equitable Bank unveils 40-year amortization mortgage

October 23, 2023 No Comments

Equitable Bank has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product.

EQB borrowers remain resilient despite renewal rate shock

August 22, 2023 No Comments

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.

The latest in mortgage news: record population growth to keep upward pressure on home prices

July 20, 2023 No Comments

Canada’s expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report

Equitable Bank reports resilient mortgage borrowers

Despite “sticker shock” of mortgage renewals, Equitable Bank says clients showing “remarkable resilience”

May 10, 2023 No Comments

Despite facing sharply higher mortgage rates on their mortgage renewals, Equitable Bank says its borrowers have so far shown “remarkable resilience.”

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

February 24, 2023 No Comments

Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest rates.

Equitable Bank reports strong mortgage growth in Q3, but expects “downshift” into 2023

November 17, 2022 No Comments

In the face of a slowing housing market, Equitable Bank reported strong third-quarter earnings results.

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