NEWS

Co-ownership on the rise: How Canadians are responding to housing affordability challenges

Julia Stratton Mortgage Industry News September 18, 2023 While many people decide to co-own a home for cultural reasons or to help take...

BoC’s summer rate hikes continue to slow housing activity…except in Alberta and Atlantic Canada

Steve Huebl Real Estate September 15, 2023 Housing markets across the country continued to lose steam in August following the latest Bank...

Early-stage delinquencies for all credit products are on the rise: Equifax

Steve Huebl Mortgage Industry News September 14, 2023 Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise...

Team CIMBC Attends the Annual Tom Trenouth Charity Golf Tournament

Another successful charity drive by Home Trust for mental health at the Annual Tom Trenouth Charity Golf Tournament. As expected, CIMBC's...

Team CIMBC Attends the 14th Annual Women in Mortgages Charity Golf Tournament

You just can't go wrong with the traditional ice cream truck at the CIMBC hole in support of the 14th Annual Women in Mortgages Charity...

Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes

Steve Huebl Interest Rates September 13, 2023 Canadian mortgage borrowers continued to see their interest costs climb in the second...

Recent rate hikes continue to slow housing activity in Canada’s largest cities

Steve Huebl Real Estate September 11, 2023 Housing markets in the country’s largest markets continued to moderate in August, following...

August job gains keep Bank of Canada rate hikes in play

Steve Huebl Bank of Canada September 8, 2023 Surprisingly strong employment gains in August are keeping the door open to an additional...

It’s possible interest rates aren’t high enough: BoC’s Macklem

Steve Huebl Bank of Canada September 7, 2023 While the Bank of Canada is “encouraged” by the way higher rates are working to slow...

Bank of Canada offers a reprieve for mortgage borrowers, but leaves door open to more hikes

Steve Huebl Bank of Canada September 6, 2023 The Bank of Canada opted to leave interest rates unchanged today but maintained its hawkish...

Bank of Canada decision: Rate hold expected, but debate over future hikes persists

Steve Huebl Bank of Canada September 5, 2023 Weaker-than-expected GDP data last week likely sealed the deal for a rate hold tomorrow by...

Weak GDP data means Bank of Canada rate hikes could be “over and done”

Steve Huebl Bank of Canada September 1, 2023 Canada’s economy slowed more than expected in the second quarter, raising the likelihood...