Scott Thomson Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

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.

Some banks rethinking strategy on home mortgage competition

September 4, 2024 1 Comment

Some Canadian banks say they’re starting to question how aggressively they go after mortgage customers amid intense competition.

Scotiabank hits “inflection point” with successful multi-product mortgage strategy

August 29, 2024 No Comments

Deposit growth strategy pays off as Scotiabank strengthens customer relationships amid mortgage volume dip

Despite easing rates, bank CEOs say clients face $400-$500 monthly mortgage payment hikes at renewal

January 11, 2024 No Comments

An anticipated decline in interest rates over the course of 2024 should help soften the impact of mortgage renewal payment shocks, according to RBC President and CEO Dave McKay.

Scotiabank continues to slow its mortgage business in favour of multi-product clients

August 30, 2023 1 Comment

Scotiabank continued to deliberately slow its mortgage lending in the third quarter amid heightened economic risk and as part of its plan to be more selective with onboarding new clients.

Scott Thomson