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

2024 mortgage market: A year in review

December 31, 2024 No Comments

The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements.

Housing and interest rate forecasts for 2025

December 30, 2024 1 Comment

As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers.

Tiff Macklem, governor of the Bank of Canada, and Carolyn Rogers, senior deputy governor of the Bank of Canada

Bank of Canada deliberations reveal ‘close call’ on 50-bps rate cut

December 24, 2024 No Comments

The Bank of Canada’s Governing Council faced a “close call” when deciding to proceed with December’s 50-basis-point rate cut, according to its latest summary of deliberations.

National Bank’s acquisition of Canadian Western Bank receives final approval

December 21, 2024 1 Comment

The acquisition of Canadian Western Bank (CWB) by National Bank of Canada has officially cleared all hurdles, following final regulatory approval announced on Friday.

Seven in 10 mortgage holders anxious about upcoming renewal, MPC survey reveals

December 20, 2024 No Comments

However, MPC’s latest consumer survey also revealed improving consumer sentiment, with more Canadians believing that now is a good time to buy a home.

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

December 19, 2024 No Comments

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.

Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up

December 17, 2024 No Comments

A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

OSFI holds domestic stability buffer at 3.5%, cites stable but lingering risks

December 17, 2024 No Comments

Canada’s banking regulator announced no change to the amount of capital banks must keep on hand to cover potential future losses.

Housing initiatives take centre stage in Fall Economic Statement amid political turmoil

December 16, 2024 No Comments

It was a dramatic day in Ottawa as Finance Minister Chrystia Freeland resigned from cabinet just hours before she was scheduled to deliver the government’s Fall Economic Statement (FES).

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

Steve Huebl