scotia Archives - Mortgage Rates & Mortgage Broker News in Canada

Scotiabank mortgage growth slows as originations dip in key markets

May 27, 2025 No Comments

Scotiabank’s mortgage growth stalled in Q2, with average balances flat from the previous quarter and originations slowing sharply in major housing markets.

Scotiabank now sees three Bank of Canada rate cuts in 2026

April 29, 2025 1 Comment

Scotiabank has revised its interest rate forecast, now predicting the Bank of Canada will deliver three cuts in 2026 as the global economy feels the strain of escalating U.S. trade policies.

Scotiabank announces competitive pricing

Scotiabank says variable-rate mortgage clients “showing signs of stress”

May 29, 2024 1 Comment

Scotiabank says high interest rates are increasingly weighing on consumers, resulting in a credit deterioration among its variable-rate mortgage customers.

70% of Scotiabank’s mortgage originations in Q1 were multi-product deals

February 27, 2024 No Comments

Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients.

Scotiabank expects credit losses to worsen with over $200B in mortgages coming up for renewal by 2026

November 28, 2023 1 Comment

Scotiabank saw a rise in mortgage delinquencies in the fourth quarter, and said it’s bracing for further credit losses due to higher-for-longer interest rates and a wave of upcoming mortgage renewals.

scotia

Scotiabank mortgage growth slows as originations dip in key markets

Scotiabank now sees three Bank of Canada rate cuts in 2026

Scotiabank says variable-rate mortgage clients “showing signs of stress”

70% of Scotiabank’s mortgage originations in Q1 were multi-product deals

Scotiabank expects credit losses to worsen with over $200B in mortgages coming up for renewal by 2026

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