Brett Surbey, Author at Mortgage Rates & Mortgage Broker News in Canada

U.S. core inflation eases, but Fed rate cut this month remains unlikely

January 15, 2025 No Comments

U.S. inflation rose for the second straight month, though core inflation showed modest signs of easing. Still, economists say it likely won’t be enough to warrant a Fed rate cut later this month.

Strong job growth in December raises doubts about January rate cut

January 10, 2025 No Comments

As Canada’s job market surged in December, economists are now questioning whether the Bank of Canada will move forward with another rate cut this month.

Large GDP revisions from StatCan raise questions about past federal spending and monetary policy

November 17, 2024 No Comments

Canada’s economic data is under increasing scrutiny following recent GDP revisions, which raised growth figures by a cumulative 1.3 percentage points from 2021 to 2023, sparking concerns among experts.

National bank analysis of core inflation measures

Bank of Canada could be underestimating its inflation progress, says National Bank

April 29, 2024 No Comments

While the Bank of Canada is closely monitoring inflation to gauge when it can start lowering interest rates, National Bank says the Bank’s methodology is flawed.

Mortgage deselection: Can your lender choose not to renew your mortgage?

December 11, 2023 No Comments

With an estimated three million Canadians facing a mortgage renewal over the next 15 years, many borrowers are asking a very important question: does my lender have to renew my mortgage?

Higher interest rates eroding business and consumer sentiment: BoC

October 16, 2023 1 Comment

Between interest rate increases of over 450 basis points (4.50%) since April 2022, and an expectation of persistently high inflation, both Canadian consumers and businesses say they are now feeling the impact.

Canada’s mortgage stress test: Obsolete or still doing its job?

August 14, 2023 No Comments

Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada’s mortgage stress test is no longer needed with interest rates presumably near their peak.

Final week to provide feedback on proposed changes to the Canada Mortgage Bonds program

July 11, 2023 No Comments

This is the final week of the federal government’s consultation period for its proposed changes to the Canada Mortgage Bonds (CMB) program.

Canadian covered bonds retain high ratings despite market conditions: Fitch

June 22, 2023 No Comments

With the current combination of high interest rates, inflationary pressures, and higher mortgage payments, one would expect Canada’s structured bonds to decline in rating.

Brett Surbey