Steve Huebl
Associate Editor at Canadian Mortgage Trends
Editor of CMT (@CdnMortgageNews). All views my own. #journalist
Articles
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1 week ago |
canadianmortgagetrends.com | Steve Huebl
Personal mortgage volumes rose 4% year-over-year, excluding the CWB acquisition, with growth expected to continue at a similar pace in the second half of 2025, the bank said on its earnings call Wednesday. The bank noted that origination volumes remained strong, even as deposit pricing became more competitive. Executive Vice-President Lucie Blanchet said mortgage spreads were neutral sequentially as strong volumes and renewals offset pricing pressure, particularly in the broker channel.
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1 week ago |
canadianmortgagetrends.com | Steve Huebl
According to a new report from National Bank’s Warren Lovely, foreign investors absorbed about 60% of all newly issued federal debt during the 2024–25 fiscal year. That’s a record amount—$91 billion worth of Canadian T-bills and bonds purchased by non-residents over 12 months—and enough to raise serious questions about who’s really propping up Ottawa’s borrowing needs. “Non-residents don’t get to vote in Canadian elections; nor do they occupy seats in Parliament.
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1 week ago |
canadianmortgagetrends.com | Steve Huebl
Mortgage originations in the Greater Toronto Area fell to $3.3 billion in Q2, down from $4.4 billion in the previous quarter. In the Greater Vancouver Area, originations declined to $1.7 billion from $2.1 billion. On an annualized basis, average mortgage volumes were still up 6%.
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1 week ago |
canadianmortgagetrends.com | Steve Huebl
By Ritika DubeyRebecca Oakes, Equifax Canada’s vice-president of advanced analytics, said much of the trend stems from the high cost of living, growing unemployment and rising trade tensions. “In order for anybody to kind of keep making the payments … you need to have an income, you need to have good employment,” said Oakes.
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2 weeks ago |
canadianmortgagetrends.com | Steve Huebl
The bank’s Canadian residential mortgage portfolio fell to $267.4 billion in Q2, down from $270.9 billion in Q1. The decline reflects continued pressure on homebuying activity amid elevated interest rates, rising inventory and cautious consumer sentiment. “Uncertainty is weighing on buyer sentiment,” said Sona Mehta, Group Head of Canadian Personal Banking, during the bank’s earnings call.
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RT @ronmortgageguy: Another Round of Fixed Mortgage Rate Increases In the next 10 days we see continuing Increases in the Benchmark 5 - Yr…
RT @BenRabidoux: An under-supplied housing market means the price floor is higher than it otherwise would be. What it does not mean is that…
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