big 6 banks

National Bank of Canada quarterly earnings

National Bank sees delinquencies for its variable-rate mortgages rise to pre-pandemic levels

February 29, 2024 No Comments

National Bank reported a rise in mortgage delinquencies, though primarily in its insured variable-rate mortgage portfolio.

13,000 CIBC mortgage clients have come out of negative amortization

December 18, 2023 4 Comments

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization.

Three of the big banks have just lowered fixed mortgage rates. Will more follow?

November 20, 2023 No Comments

Lenders have been dropping fixed mortgage rates over the past few weeks…except for the Big 6 banks. But that changed this weekend when three of the big banks finally lowered select rates.

CIBC mortgage amortizations soar given its heavy weighting of variable-rate mortgages

December 2, 2022 No Comments

With a third of its mortgage portfolio having variable rates, CIBC saw its amortizations soar as of the fourth quarter.

Big banks hike short-term fixed mortgage rates as their popularity grows

September 25, 2022 No Comments

Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates.

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