Steve Huebl, Author at Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers

December 11, 2024 No Comments

The Bank of Canada has cut its policy rate by another 50 basis points today, bringing it down to 3.25%. This marks the fifth consecutive rate cut this year.

Canada’s Secondary Suite Loan Program expands to $80,000 loans with 2% over 15 years

December 10, 2024 3 Comments

The federal government today announced a doubling of its Secondary Suite Loan Program, which was originally unveiled in the April 2024 budget.

Rent prices fall to 15-month low: Rentals.ca

December 10, 2024 No Comments

Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic.

Scotiabank: The Bank of Canada will likely deliver a 50-bps rate cut this week—here’s why it shouldn’t

December 9, 2024 No Comments

In a recent analysis, Scotiabank’s Derek Holt suggests that the Bank of Canada is likely to implement a 50-basis point rate cut this week, despite concerns over the broader economic implications.

Canadian Western Bank delays Q4 results release due to legal claim

December 8, 2024 No Comments

CWB has announced a delay in the release of its Q4 and fiscal 2024 results due to a legal claim that has impacted the bank’s financial reporting timeline.

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked

December 8, 2024 No Comments

BMO’s credit performance worsened more than expected, contributing to a 15% year-over-year decline in adjusted full-year earnings.

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment

December 6, 2024 No Comments

Observers say that if there’s one economic indicator likely to be concerning Bank of Canada officials, it’s the higher-than-expected rise in Canada’s unemployment rate last month.”

Despite tough quarter, TD sees year-over-year market share gains in mortgage lending

December 5, 2024 No Comments

Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

Shares of Dominion Lending Centres surge as shareholders approve preferred shares acquisition

December 5, 2024 No Comments

Dominion Lending Centres Inc. (TSX: DLCG) announced this week that its shareholders have approved the acquisition of all Series 1 Class B preferred shares.

Montreal home sales jump 47% in November while prices rose across all property types

December 5, 2024 No Comments

Along with the surge in activity, Montreal also saw average single-family home prices rise by 11% compared to last year.

Steve Huebl

Steve Huebl

Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers

Canada’s Secondary Suite Loan Program expands to $80,000 loans with 2% over 15 years

Rent prices fall to 15-month low: Rentals.ca

Scotiabank: The Bank of Canada will likely deliver a 50-bps rate cut this week—here’s why it shouldn’t

Canadian Western Bank delays Q4 results release due to legal claim

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment

Despite tough quarter, TD sees year-over-year market share gains in mortgage lending

Montreal home sales jump 47% in November while prices rose across all property types

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