{"id":1947,"date":"2026-08-04T08:01:24","date_gmt":"2026-08-04T13:01:24","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/04\/mortgage-squeeze-first-national-originations-drop-12-in-q2\/"},"modified":"2026-08-04T08:01:24","modified_gmt":"2026-08-04T13:01:24","slug":"mortgage-squeeze-first-national-originations-drop-12-in-q2","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/08\/04\/mortgage-squeeze-first-national-originations-drop-12-in-q2\/","title":{"rendered":"Mortgage Squeeze: First National Originations Drop 12% in Q2"},"content":{"rendered":"

The GTA\u2019s mortgage landscape is shifting as major lender First National reports a 12% decline in total mortgage originations and renewals for Q2 2026, totaling $12.2 billion. This pullback, driven by a cooler housing market and intensified competition, signals a challenging environment for brokers and borrowers alike. While single-family residential volume fell 11%, the company\u2019s mortgages under administration actually grew by 6% to $169.8 billion, bolstered by a wave of pandemic-era mortgages coming up for renewal at significantly higher interest rates. Despite the volume pressure, delinquency rates remain remarkably low at just 0.05%, suggesting that while the market is cooling, credit stress remains contained for now. As buyers navigate rates above 4% and a tightened inventory, the industry is bracing for a sustained period of subdued activity. For a deeper dive into the numbers and what this means for your next mortgage decision, read the full report at [MPA Mag](https:\/\/www.mpamag.com\/ca\/specialty\/alternative-lending\/slower-housing-market-bites-into-first-national-originations\/584722).<\/p>\n

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First National reports a 12% drop in mortgage originations as market headwinds and higher renewal rates reshape the Canadian lending landscape.<\/p>\n","protected":false},"author":3,"featured_media":1946,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[657,182,215,212,398],"class_list":["post-1947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","tag-first-national","tag-gta","tag-housing-market","tag-mortgage-rates","tag-real-estate-trends"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1947"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1946"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}