Mortgage providers slash rates in wake of bond yield drop
Steve Huebl Interest Rates March 20, 2023 It took some time, but mortgage rates are now responding to last week’s plunge in bond yields...
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CIMBC Team
- 6 min
Why mortgage brokers should know prepayment penalty calculations inside and out
Matthew Imhoff Mortgage Strategies March 17, 2023 All mortgage brokers should have a comfortable working knowledge of how prepayment...
CIMBC Team
- 3 min
Rents decline for third straight month, but remain 10% higher than last year
Steve Huebl Real Estate March 14, 2023 Average rents in Canada may have declined for the third consecutive month, but they still remain...
CIMBC Team
- 3 min
The latest in mortgage news: uninsured posted rates at decade-highs
Steve Huebl Bank of Canada March 10, 2023 Uninsured posted rates from Canada’s Big 6 banks have skyrocketed over the past year, according...
CIMBC Team
- 2 min
Bank of Canada not ruling out additional rate hikes just yet
Steve Huebl Bank of Canada March 9, 2023 The Bank of Canada delivered its first rate pause of the current rate-hike cycle yesterday, but...
CIMBC Team
- 3 min
Bank of Canada delivers long-awaited rate pause. Will it last?
Steve Huebl Bank of Canada March 8, 2023 For Canada’s variable-rate mortgage holders, no news was good news today. As expected, the Bank...
CIMBC Team
- 3 min
The housing bottom is in sight as sales pick up in February: RBC
Steve Huebl Real Estate March 7, 2023 Home sales are picking up in the major metro areas across the country, signalling that the housing...
CIMBC Team
- 5 min
State of the mortgage market: Canadians anxious about finances, but still see housing as investment
Steve Huebl Mortgage Industry News March 7, 2023 Canadian homeowners may be feeling more anxious about their finances these days, but an...
CIMBC Team
- 4 min
Fixed mortgage rates back on the rise
Steve Huebl Interest Rates February 27, 2023 Fixed mortgage rates in Canada surged last week thanks to a fresh run-up in bond yields....
CIMBC Team
- 2 min
Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand
Steve Huebl Real Estate February 25, 2023 Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from...
CIMBC Team
- 5 min
‘Business for self’ clients are on the rise. How do you secure a mortgage for one?
Brennan Doherty Business Development February 22, 2023 Millions of Canadians now work for themselves, in everything from construction...
CIMBC Team
- 3 min
Canadian home sales January totals at lowest since 2009: CREA
Brennan Doherty Real Estate February 16, 2023 Canadian home sales figures in January dropped to their lowest level since 2009, a year...
CIMBC Team
- 3 min
The big question on mortgage borrowers’ minds: fixed or variable?
Steve Hueb Interest Rates February 13, 2023 With variable mortgage rates potentially at a peak and fixed rates having recently retreated,...
CIMBC Team
- 3 min
Three ways mortgage brokers can reassure concerned borrowers
Brennan Doherty Mortgage Strategies February 10, 2023 Many mortgage brokers are fielding calls from clients concerned about rising...
CIMBC Team
- 3 min
Bank of Canada unclear how higher interest rates may impact Canada’s housing market
Brennan Doherty Bank of Canada February 9, 2023 The Bank of Canada’s leadership appears to be torn over whether Canada’s housing market...
CIMBC Team
- 4 min
Investors made up 20-30% of home purchases during the pandemic
Steve Huebl Mortgage Industry News February 6, 2023 Investors made up between one-fifth and one-third of home purchases in 2020,...
CIMBC Team
- 3 min
Home sales down, but new listings are surging across Canada
Steve Huebl Real Estate February 3, 2023 Higher borrowing costs are continuing to weigh on housing demand in many of the country’s...
CIMBC Team
- 3 min
Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank
Steve Huebl Interest Rates February 2, 2023 Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according...
CIMBC Team
- 2 min
Toronto’s Vacant Home Tax takes effect
Steve Huebl Government and Regulation February 1, 2023 Homeowners with vacant properties in Toronto take heed: the city’s new Vacant Home...
CIMBC Team
- 3 min
Reverse mortgages are booming amid Canada’s turbulent rate environment
Brennan Doherty Mortgage Industry News January 30, 2023 High rates haven’t stopped Canadians from tapping their home equity by way of...
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