The Bank of Canada held interest rates steady for a seventh consecutive meeting as an escalation in the trade war with the U.S. threatens growth and creates the risk of new inflation pressures.
Mortgages amortized over more than 25 years accounted for 58.6% of new insured homeowner volume in Q2, down slightly from Q1 but well above year-ago levels.
The Bank of Canada is likely to hold borrowing costs steady, as an escalation in the trade war with the U.S. threatens the economic recovery while adding to inflation risks.
EQB says stronger applications and closer broker relationships are helping it win business, even as impaired mortgages rise and enforcement timelines stretch as long as two years.
TD’s Canadian real estate secured lending portfolio reached $422 billion as record originations and continued growth in its FlexLine product lifted balances.
Mortgage arrears continued to climb in the third quarter, particularly in Toronto and Vancouver, though CIBC says strong borrower equity is keeping actual losses contained.
Canada’s banks just saw the first improvement in missed mortgage payments in nearly a year and a half. Canadian Bankers Association (CBA) data shows the mortgage arrears rate fell in June. While not much of a reduction,...
Royal Bank of Canada beat estimates on better-than-expected results from its capital-markets and wealth-management divisions, continuing a trend seen across the country’s large banks this quarter.
Mortgage balances rose 14% year over year as National Bank gained market share in Quebec and expanded beyond its home province, though the growth came with some pressure on margins.
Shares of National Bank of Canada slumped the most in more than a year after the company reported higher credit provisions at its international subsidiaries.
Scotiabank’s mortgage portfolio dipped to $311 billion in the third quarter as non-mortgage lending outpaced mortgage growth for the first time in two years.
BMO’s Canadian residential mortgage portfolio grew to $164.2 billion in the third quarter, while 90-plus-day delinquencies rose to 0.56% and impaired mortgage provisions continued to edge higher.
Canadian household debt is throwing out more concerning data points. Equifax data shows non-mortgage credit grew in Q2 2026—both balances and delinquencies. Ontario is leading the erosion, with missed payments rising at...
Non-traditional income, declining property values and tighter lender scrutiny are complicating mortgage applications, but they may also strengthen the broker channel’s value proposition.
A new independent staff study from Canada’s central bank aims to help clarify the impact of low rates on housing. Bank of Canada (BoC) researchers found that supply and demand both get a boost with rate cuts. Demand resp...
Robert McLister: We’ve already seen 17 lenders hike fixed rates this week, with more to follow
via Financial Post (Real Estate)
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