Steve Huebl is the operations manager for RateSpy.com and a regular contributor to RATESDOTCA.
At the age of 15, Steve founded a neighbourhood newsletter that eventually grew to a circulation of hundreds and was supported by over a dozen local advertisers. He later honed his writing and editing talents at The Toronto Star, The Calgary Herald, the Sarnia Observer and Canadian Economic Press. He also worked for several years as a chief English writer of the McGill University Health Centre’s marketing office. Born and raised in Toronto, he now calls Montreal home. When he’s not writing about mortgages, Steve can be found appreciating nature — typically along the shores of the St. Lawrence.
The slowdown in the alternative lending market will be even more “significant” with some lenders potentially unable to renew mortgages in an increasingly illiquid market.
Bring your mind back to Toronto’s housing market heydays of 2016. It was a time when double-digit price increases seemed like they’d never going to end.
With the average Canadian property value now north of half a million dollars—and higher in the Greater Toronto and Vancouver areas—first-time homebuyers are getting creative on their home-buying strategies.
The dust has settled from Canada’s 2019 election campaign and a Liberal minority government has emerged.
More Canadians found work in September. How might this positive economic data influence the Bank of Canada’s upcoming interest rate decision on October 30?
One in four millennials (23%) said they believe it’s acceptable to inflate your income when applying for a mortgage.
The Bank of Canada leaves its key lending rate unchanged. Adjustable-rate mortgage holders will have to wait for their interest rates to drop.
Learn how the First-Time Home Buyer Incentive (FTHBI), administered by the Canada Mortgage and Housing Corporation (CMHC), works and its pros and cons for homebuyers.
Investors are betting on a Bank of Canada rate cut, while Canada’s Big Six banks are being more cautious. Here are the Big Six bank forecasts.