
Lender Calls


RBC warns of rising mortgage losses through 2025 with upcoming renewals
BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says

Scotiabank hits “inflection point” with successful multi-product mortgage strategy
Deposit growth strategy pays off as Scotiabank strengthens customer relationships amid mortgage volume dip

BMO reports rising mortgage delinquencies and loan loss provisions in Q3
High interest rates drove BMO’s mortgage delinquency rate higher in the third quarter, according to the bank’s latest earnings results.

Despite first quarterly loss in 21 years, TD sees strong mortgage volumes in Q3
TD Bank braces for historic U.S. fine amid AML issues but sees 6% growth in mortgage lending

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.

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.

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.