earnings calls Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

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.

BMO’s negative amortization mortgages shrink as 1 in 3 renewals see lower payments

February 26, 2025 No Comments

More BMO mortgage borrowers are seeing their payments ease, while the number of negative amortization mortgages continues to shrink.

Scotiabank says rate cuts are easing pressure on borrowers, but warns tariffs could stall economic recovery

February 25, 2025 No Comments

Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.

Despite tough quarter, TD sees year-over-year market share gains in mortgage lending

December 5, 2024 No Comments

Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

Scotiabank sees rise in mortgage arrears but remains optimistic about renewals

December 3, 2024 1 Comment

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.

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