The benchmark posted 5-year fixed rate, which is used for stress-testing Canadian mortgages, fell yesterday in its first move since May 2018.
The Bank of Can... Read More...
Canada’s mortgage market grew by its slowest pace in more than 25 years in 2018, according to new data released by the Canada Mortgage and Housing Corporation.
... Read More...
Canada’s key lending rate remained unchanged for the sixth straight meeting today, with the Bank of Canada saying the country’s outlook is “clouded” by trade un... Read More...
While national housing affordability may be improving overall, the situation in the country’s most expensive housing markets remains “dreadful.”
That’s accor... Read More...
A significant number of Canadian households reported being late on a debt payment or missing it entirely, according to a new report from Statistics Canada.
T... Read More...
Canada's big banks felt the effects of a sharply slowing economy and cooling housing market in the second quarter.
Most reported net income growth in the low... Read More...
The Canada Mortgage and Housing Corporation held an official announcement yesterday to release details of its First-Time Home Buyer Incentive (FTHBI).
While ... Read More...
For anyone who has been following the saga, it should be plainly obvious where Evan Siddall, head of the CMHC, stands on the mortgage stress test.
In a recen... Read More...
Just months ago, the prospect of an additional Bank of Canada rate hike by the end of 2020 was very much on the table.
In recent weeks, however, whispers tha... Read More...
An unlicensed B.C. mortgage broker accused of arranging half a billion in mortgages for hundreds of clients has been issued a cease-and-desist order by the prov... Read More...
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.
