The unlikely rebound of Canada's real estate market continues, with home sales surging to 20% higher than pre-pandemic levels. Read More
JoinedMay 23, 2014
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Steve Huebl is a graduate of Ryerson University's School of Journalism and has been with Canadian Mortgage Trends and reporting on the mortgage industry since 2009. His past work experience includes The Toronto Star, The Calgary Herald, the Sarnia Observer and Canadian Economic Press. Born and raised in Toronto, he now calls Montreal home.
Big banks originate nearly 7 out of 10 (67%) of new Canadian mortgages, although their market share has fallen slightly... Read More
Despite a booming housing market and rapid job gains, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.” Read More
The country’s Big Six banks provided an update on the state of their mortgage deferrals, with each reporting varying results... Read More
OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic... Read More
Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appears to be telling a different story. Read More
Continuing the upward trend that started in June, home sales bounced back to pre-COVID levels in July, soaring 30.5% year-over-year.... Read More
Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards. Read More
The stress test rate is about to fall for the second time in three months now that most of Canada's Big Six banks have reduced their 5-year fixed posted rates. Read More
The global pandemic may have brought the Canadian real estate sector to a near-stand still this spring, but over the longer term it appears to have stoked homebuying intentions. Read More