Quarterly Earnings

Each quarter we pick through the quarterly earnings presentations and conference calls of the Big 6 banks and key mortgage lenders to bring you all the mortgage notables. This includes updates on mortgage originations and volumes, as well as insights from executives on the latest trends and outlooks.

EQB gains mortgage share in slower housing market

June 1, 2025 No Comments

EQB saw continued strength in its uninsured mortgage and CMHC-backed multi-unit lending businesses in Q2 despite a challenging macroeconomic backdrop and a rise in credit losses linked to 2022-vintage loans.

RBC sees rising mortgage delinquencies, with GTA leading the way

May 30, 2025 No Comments

RBC is starting to see more signs of stress in its mortgage book as high interest rates continue to weigh on borrowers—particularly in more economically vulnerable parts of the country.

CIBC reports rise in profit on trading boost, modest borrower concerns

May 29, 2025 No Comments

CIBC reported a rise in second-quarter profit from last year as it got a boost from volatility-related trading while loan losses were subdued despite the economic uncertainty.

National Bank of Canada quarterly earnings

National Bank sees continued mortgage growth amid CWB integration push

May 28, 2025 No Comments

National Bank of Canada reported stable mortgage growth in the second quarter, supported by strong originations and renewals, even as its focus remains on integrating Canadian Western Bank.

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.

TD sees softer mortgage originations as residential mortgage portfolio shrinks

May 25, 2025 No Comments

TD Bank reported a decline in residential mortgage volumes in the second quarter of 2025 as housing market activity remained soft and originations through the broker channel moderated.

First National reports lower mortgage originations

First National sees early boost from mortgage rule changes, but profits lag

May 1, 2025 No Comments

First National saw a sharp rise in residential mortgage funding in the first quarter of 2025, continuing its momentum from Q4.

First National sees 44% jump in single-family mortgage originations, but revenue boost deferred

March 17, 2025 No Comments

First National posted a strong fourth quarter, with funded single-family residential mortgages surging 44% year-over-year.

TD sees flat mortgage growth in Q1, but says proprietary channels driving future potential

March 5, 2025 1 Comment

TD Bank reported flat growth in its residential mortgage portfolio for Q1 2025, attributing part of the weakness to seasonality.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

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