Steve Huebl
Associate Editor at Canadian Mortgage Trends
Editor of CMT (@CdnMortgageNews). All views my own. #journalist
Articles
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2 days ago |
canadianmortgagetrends.com | Steve Huebl
Canada is now forecast to enter a deeper recession than previously expected, according to Oxford Economics, despite lower bilateral tariffs between Canada and the U.S.In its April update, the research firm cut its Canadian GDP forecast by 0.4 percentage points to just 0.7% growth in 2025, followed by a 0.2% contraction in 2026.
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1 week ago |
canadianmortgagetrends.com | Steve Huebl
While inflation eased to 2.3% in March, the Bank cautioned that short-term inflation expectations have risen as businesses and consumers anticipate ongoing trade disruptions. Employment conditions have also weakened, with job losses recorded in March. Additionally, household spending has shown signs of slowing, and business investment remains subdued amid growing uncertainty.
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1 week ago |
canadianmortgagetrends.com | Steve Huebl
And with fresh inflation data landing just one day before the announcement, Tuesday’s CPI report could be what ultimately tips the scales. The central bank will announce its decision Wednesday morning, alongside a new Monetary Policy Report and revised forecasts. While economists broadly agree that rates are headed lower over time, a cut this week is far from a sure thing as policymakers balance growing recession risks against still-sticky inflation.
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2 weeks ago |
canadianmortgagetrends.com | Steve Huebl
1:23 PM• Mortgage Industry News • Views: 8 Written by The volatility comes as markets react to U.S. tariffs, global economic risks, and a spike in investor anxiety—reflected in the VIX, also known as Wall Street’s “fear gauge,” which measures expected stock market volatility.
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2 weeks ago |
canadianmortgagetrends.com | Steve Huebl
Artificial intelligence is already reshaping parts of the mortgage process — and it’s moving faster than some in the industry may realize. At a recent lender panel, several executives shared how they’re integrating AI into everything from pre-approvals to document scanning. But while automation is accelerating, the consensus was clear: underwriters still have a vital role to play, especially as deals grow more complex. “This is a people business.
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Are Montreal homebuyers the target of the government's new first-time homebuyer program? Intended or unintended, it sure seems that way. https://t.co/mxhsN3m56b