equitable bank earnings

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.

EQB borrowers remain resilient despite renewal rate shock

August 22, 2023 No Comments

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

February 24, 2023 No Comments

Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest rates.

Equitable Bank reports strong mortgage growth in Q3, but expects “downshift” into 2023

November 17, 2022 No Comments

In the face of a slowing housing market, Equitable Bank reported strong third-quarter earnings results.

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