Mortgage notables from Scotiabank's & BMO's Q2 reports

Thanks to pricing itself out of the market and tightening borrower criteria, Scotiabank's Canadian mortgage balances fell a couple of billion dollars in Q2 versus Q1. Negative growth, even if just one quarter, is a big deal for a Big 6 bank.

Scotiabank Mortgage Presentation — Q2 2023 Earnings

In its conference call, Scotiabank noted that:

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