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

Equitable Bank announces sudden passing of President and CEO Andrew Moor

June 24, 2025 No Comments

EQB Inc. announced Tuesday the sudden passing of Andrew Moor, its long-time President and CEO.

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.

More than a last resort: How to position reverse mortgages for today’s retiree

May 26, 2025 No Comments

Reverse mortgages have rapidly evolved from a niche product to a mainstream financial tool for Canadian homeowners aged 55 and over.

Surge in CMHC-insured multi-unit lending shows no signs of slowing

April 2, 2025 No Comments

CMHC-insured loans for multi-unit rental housing have surged in recent years, driven by high interest rates and federal policies aimed at boosting rental supply. And while growth may moderate in the near term, a new report says the long-term outlook remains strong.

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Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year

February 27, 2025 No Comments

Equitable Bank is optimistic about continued loan growth in 2025, buoyed by expectations that most of its single-family mortgage borrowers will renew at lower rates this year.

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.

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