Quarterly Canadian bank earnings in the residential mortgage portfolio often reveal wider trends for the Canadian mortgage market. 2019 Q3 was no exception.
In the third quarter of 2019, most of Canada’s Big Six banks saw moderate residential mortgage growth — although one saw a decrease.
HELOC portfolios saw mixed growth among the banks.
More mortgages were uninsured in 2019 Q3, and most banks saw a downtrend from insured to uninsured mortgages.
See the residential mortgage portfolio trends 2019 Q3 brought for Canadian banks on the Purview blog. Read it here: https://www.purview.ca/2019-q3-canadian-bank-earnings/