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...
It was already known heading into the first-quarter earnings season that year-over-year growth for the broker channel's key lenders was going to be hampered by ... Read More...
Earlier this month, Bank of Canada Governor Stephen Poloz called on banks and other lenders to start pushing longer-term mortgages. Last week, HSBC responded by... Read More...
A Conservative win in the October federal election would mean an end to stress testing mortgage switches, as well as additional measures aimed at improving hous... 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.
