Economy to grow moderately, rates to fall below three percent next year: Deloitte
Written by The Canadian Press Economic news September 26, 2024 Deloitte Canada expects economic growth to pick up next year as it...
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CIMBC Team
3 min
Housing starts up in six largest cities but construction still not closing supply gap
Written by The Canadian Press Economic news September 26, 2024 The Canada Mortgage and Housing Corp. says construction of new homes in...
CIMBC Team
3 min
OSFI to eliminate stress test for uninsured mortgage switches starting November 21
Written by Steve Huebl Government and Regulation September 25, 2024 OSFI has confirmed that it will remove the requirement for lenders to...
CIMBC Team
5 min
Are longer mortgage terms the solution to Canada’s payment shock challenges?
Jared Lindzon Mortgage Strategies June 23, 2024 Payment shocks at renewal due to shorter mortgage terms have become a growing concern for...
CIMBC Team
3 min
Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut
Steve Huebl Real Estate June 17, 2024 Home sales slipped in May and listings continued to build as prospective homebuyers largely...
CIMBC Team
3 min
Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem
Steve Huebl Mortgage Industry News June 16, 2024 Interest rates may slowly start to be easing around the world, but they won’t be...
CIMBC Team
4 min
Fixed mortgage rates are falling. Experts explain why and weigh in on fixed vs. variable
Steve Huebl Interest Rates June 9, 2024 Both existing homeowners and new homebuyers are benefiting from a drop in interest rates seen...
CIMBC Team
3 min
Spring housing market stalls as homebuyers remain on the sidelines
Steve Huebl Real Estate June 9, 2024 Canada’s typically busy spring housing market stalled as homebuyers largely chose to wait on the...
CIMBC Team
1 min
Average Canadian rent hits an all-time high of $2,202
Steve Huebl Real Estate June 6, 2024 Average rents across Canada are now up 32% from their pandemic lows. The average asking rent in May...
CIMBC Team
3 min
What the Bank of Canada rate cut means for mortgages, consumer loans and investments
The Canadian Press Bank of Canada June 5, 2024 By Ian Bickis The Bank of Canada has lowered its key interest rate by a quarter of a...
CIMBC Team
5 min
Reasons for and against a Bank of Canada rate cut this week
Steve Huebl Bank of Canada June 3, 2024 While the odds of a Bank of Canada rate cut this week have risen, some experts admit the decision...
CIMBC Team
2 min
Soft GDP figures point to a BoC rate cut next week, but uncertainty remains
Steve Huebl Bank of Canada May 31, 2024 Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest...
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