Home sales bounce back in April as national average home price rises back above $700,000
Steve Huebl Real Estate May 15, 2023 Despite affordability challenges, rising housing demand has pushed Canada’s national average home...
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CIMBC Team
- 3 min
CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers
Steve Huebl Mortgage Industry News May 11, 2023 There was a simple but important lesson for mortgage brokers in CMHC’s 2023 Consumer...
CIMBC Team
- 3 min
RBC sees mortgage delinquencies rising nearly 30% in the coming year
Steve Huebl Economics May 9, 2023 After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is...
CIMBC Team
- 2 min
BoC’s Macklem: Until inflation reaches 2%, “our job is not done”
Steve Huebl Bank of Canada May 5, 2023 Despite positive developments on the inflation front, the Bank of Canada won’t rest until it...
CIMBC Team
- 4 min
First National reports no issues with its mortgage renewals so far
Steve Huebl Quarterly Earnings May 3, 2023 Canada’s largest non-bank lender says it has not yet encountered any issues with its mortgage...
CIMBC Team
- 2 min
Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC
Steve Huebl Mortgage Industry News May 2, 2023 The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom...
CIMBC Team
- 3 min
The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI
Jared Lindzon Government and Regulation April 28, 2023 The mortgage stress test has thus far proven effective in protecting the housing...
CIMBC Team
- 3 min
Interest rates expected to fall to 3.00% by end of 2024
Steve Huebl Mortgage Industry News April 28, 2023 The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00%...
CIMBC Team
- 3 min
Bank of Canada concerned inflation could remain “stuck” above 2%
Steve Huebl Bank of Canada April 26, 2023 While the Bank of Canada expects inflation to continue to ease this year, it is also concerned...
CIMBC Team
- 2 min
Average rent in Canada rises back above $2,000, and over $3,000 in the GTA
Steve Huebl Real Estate April 24, 2023 After easing over the winter months, rent prices are back on the rise across Canada. The average...
CIMBC Team
- 3 min
Homes sales and prices up again in March. Is it the start of a trend?
Steve Huebl Real Estate April 16, 2023 Both existing home sales and average prices were up on a monthly basis in March, while housing...
CIMBC Team
- 3 min
OSFI says mortgage amortization extension “not without risks”
Steve Huebl Government and Regulation April 14, 2023 Temporarily extending amortization periods has been a saving grace for many...
CIMBC Team
- 3 min
Housing markets remained tight in March ahead of the busy spring homebuying season
Steve Huebl Real Estate April 11, 2023 Home prices in the country’s large metro areas seem to be finding some support following a rise in...
CIMBC Team
- 3 min
Bank of Canada preview: Another rate hold widely expected
Steve Huebl Bank of Canada April 10, 2023 Despite stronger-than-expected job gains in March, the Bank of Canada is widely expected to...
CIMBC Team
- 2 min
Non-mortgage debt and delinquencies on the rise: Equifax
Steve Huebl Mortgage Industry News April 7, 2023 High interest rates have applied the brakes to Canada’s housing market, while...
CIMBC Team
- 4 min
New First Home Savings Account launches April 1, but won’t be available until later this year
Steve Huebl Government and Regulation March 31, 2023 Prospective homebuyers wanting to take advantage of the federal government’s new...
CIMBC Team
- 2 min
Bank of Canada “ready to act” to support market liquidity if needed
Steve Huebl Bank of Canada March 30, 2023 The Bank of Canada stands ready to intervene should the financial system become strained and...
CIMBC Team
- 3 min
The latest in mortgage news: Feds amend foreign buyer ban
Steve Huebl Government and Regulation March 29, 2023 The Government of Canada has unveiled four amendments to its foreign buyer ban less...
CIMBC Team
- 2 min
Mortgage market in Canada more sensitive to higher rates: BoC
Steve Huebl Bank of Canada March 22, 2023 When deciding to hold rates at its February meeting, the Bank of Canada took into consideration...
CIMBC Team
- 2 min
Sharp drop in inflation suggests interest rates have peaked
Steve Huebl Economics March 22, 2023 The sharp drop in February’s headline inflation reading suggests rates have now peaked and that the...
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