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CIMBC Team
2 min read
Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey
The Canadian Press Interest Rates April 30, 2024 The majority of Canadians aspiring to buy a home say they will push their plans to next...
CIMBC Team
4 min read
Economists rule out rate cut this week, but all eyes on BoC statement and forecasts
Steve Huebl Bank of Canada April 8, 2024 The Bank of Canada is widely expected to leave interest rates unchanged this week for the sixth...
CIMBC Team
4 min read
Spring housing market surge unlikely as affordability, cost of living weigh on buyers
The Canadian Press Real Estate April 8, 2024 By Sammy Hudes After five straight holds of the Bank of Canada’s key interest rate that...
CIMBC Team
2 min read
Canada’s unemployment rate surges in wake of strong population growth
Steve Huebl Economics April 5, 2024 Canada’s unemployment rate surged to 6.1% in March, driven largely by population gains outpacing job...
CIMBC Team
4 min read
Opinion: Are fixed mortgage rates poised to rise? Here’s why I think so.
Ryan Sims Guest Posts April 3, 2024 It seems that the Canadian bond market has a spring in its step these days. After hitting a low...
CIMBC Team
4 min read
Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths
Steve Huebl Mortgage Industry News April 1, 2024 The head of Canada’s banking regulator says he is encouraged by the progress Canadian...
CIMBC Team
2 min read
What the latest GDP figures mean for the Bank of Canada’s rate cut timing
Steve Huebl· Bank of Canada ·March 28, 2024 Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of...
CIMBC Team
4 min read
Are Ontario’s 2024 budget housing policies enough to address the supply crisis?
Steve Huebl Government and Regulation March 26, 2024 As part of its $214.5 billion 2024 budget unveiled today, the Government of Ontario...
CIMBC Team
2 min read
Renters have harder time accumulating wealth than homeowners: RBC economist
The Canadian Press Real Estate March 14, 2024 Renters face daunting barriers in their attempts to build wealth as they’re forced to...
CIMBC Team
2 min read
Average asking rent prices reach $2,193 in February, up 10.5% from 2023
The Canadian Press Real Estate March 11, 2024 A new report says the average asking price for a rental unit in Canada was $2,193 per month...
CIMBC Team
4 min read
Rate cuts are on the way, but not this week, economists say
Steve Huebl Bank of Canada March 5, 2024 With inflation easing and the economy slowing under the weight of high interest rates,...
CIMBC Team
2 min read
We could reach 2% inflation by this summer: National Bank
Steve Huebl Bank of Canada February 23, 2024 Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full...
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