NEWS

50% of variable-rate mortgage holders have reached their trigger rate: BoC

Steve Huebl Interest Rates November 22, 2022 Roughly half of all mortgage holders with static-payment variable-rate mortgages have...

Average rent is nearly 12% higher compared to last year

Steve Huebl Interest Rates November 22, 2022 Having already surpassed pre-pandemic levels, the average rent in Canada continued to rise...

Who will blink first, Toronto’s homebuyers or home sellers?

Novak Jankovic Opinion November 11, 2022 Since the start of the year, industry analysts and major media have been predicting a decline in...

Housing demand may be reaching a bottom

Steve Huebl Real Estate November 16, 2022 After plummeting more than 40% since February, home sales are showing signs they may be...

No signs of distress among borrowers yet, First National says

Steve Huebl Quarterly Earnings November 7, 2022 Canada’s largest non-bank lender says it is keeping a close eye on its mortgage...

BoC’s Macklem: Rate hikes will end soon, but “we are not there yet”

Steve Huebl Bank of Canada November 2, 2022 The Bank of Canada is nearing the end of its rate-hike cycle, but it’s not quite there yet....

Over half of mortgage borrowers concerned about renewals

Steve Huebl Mortgage Strategies October 31, 2022 A new survey has found that 53% of Canadian mortgage borrowers are concerned about the...

Bank of Canada preview: A 75-bps hike is likely, but not without risks

Steve Huebl Bank of Canada October 23, 2022 With interest rates now in restrictive territory and signs of economic softening, some say...

More borrowers to reach their trigger rate as prime rate rises to 5.95%

Steve Huebl October 26, 2022 Variable-rate mortgage holders should know the drill by now. Prime rate is rising another 50 basis points on...

Bank of Canada’s 50-bps hike suggests the “peak is near”

Steve Huebl October 26, 2022 The Bank of Canada surprised markets on Wednesday by delivering a lower-than-expected 50-basis-point rate...

BoC’s Macklem: More interest rate hikes are “warranted”

Steve Huebl October 6, 2022 Having already raised interest rates by 300 basis points this year, the Bank of Canada’s Tiff Macklem...

A deep-dive into the mortgage stress tests (Part 2): They’re necessary, but the design is flawed

Will Dunning September 29, 2022 This is the second in a two-part series exploring the impact the mortgage stress tests had on borrowers,...