Too soon to say when interest rates can come down: Bank of Canada
Steve Huebl Bank of Canada February 7, 2024 The Bank of Canada’s Governing Council believes it’s too early to say when they can start...
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CIMBC Team
3 min
Home sales surge in Canada’s major cities to start the year: Toronto, Vancouver, Calgary see over 30% gains
The Canadian Press Real Estate February 7, 2024 A surge in home sales across Canada’s largest markets to kick off 2024 is unlikely to...
CIMBC Team
4 min
Fixed mortgage rates in Canada resume their decline amid economic volatility
Steve Huebl Interest Rates February 3, 2024 After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates...
CIMBC Team
2 min
Canada’s housing market to stabilize, but don’t expect return to “rollicking” price gains, BMO says
Steve Huebl Real Estate January 29, 2024 Stability is expected to return to the country’s housing market this year as interest rates...
CIMBC Team
3 min
Brace for recession (if we’re not already in one), economists say
Steve Huebl Economics January 23, 2024 Canada’s economy is headed for an imminent recession in 2024—that is, if we aren’t already in one,...
CIMBC Team
3 min
Rise in bond yields could send fixed mortgage rates higher, experts say
Steve Huebl Interest Rates January 18, 2024 This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage...
CIMBC Team
3 min
Canadian rent prices end 2023 at a record high, up 22% in two years
Steve Huebl Real Estate January 17, 2024 Rent prices resumed their upward trajectory in December, ending the year 8.6% higher from a year...
CIMBC Team
2 min
Inflation crept back up in December: “We’re not out of the woods yet”
Steve Huebl Bank of Canada January 16, 2024 For the third time since 2022, Canada’s headline inflation rate reversed course and trended...
CIMBC Team
3 min
Big banks slash mortgage rates this week to reflect lower bond yields in Canada
Steve Huebl Interest Rates January 12, 2024 Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this...
CIMBC Team
4 min
Despite easing rates, bank CEOs say clients face $400-$500 monthly mortgage payment hikes at renewal
Steve Huebl· Interest Rates January 11, 2024 An anticipated decline in interest rates over the course of 2024 should help soften the...
CIMBC Team
2 min
Not quite a recession, but Canada sees third-quarter growth turn negative
Steve Huebl Bank of Canada November 30, 2023 There was growing talk of the “R-word” (recession) leading up to today’s GDP data release,...
CIMBC Team
3 min
Three of the big banks have just lowered fixed mortgage rates. Will more follow?
Steve Huebl Interest Rates November 20, 2023 Lenders have been dropping fixed mortgage rates over the past few weeks…except for the Big 6...
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