The Bank of Canada’s latest rate hold wasn’t unanimous, meeting minutes show
Steve Huebl Bank of Canada November 8, 2023 While the Bank of Canada’s rate hold last month was a welcome reprieve for borrowers, minutes...
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CIMBC Team
2 min
Market participants expect first rate cut as early as April 2024
Steve Huebl Bank of Canada November 6, 2023 A survey of influential economists and analysts shows many are expecting the Bank of Canada’s...
CIMBC Team
3 min
Experts predict lower mortgage rates as bond yields plunge
Steve Huebl Mortgage Industry News November 3, 2023 Mortgage shoppers and those with upcoming renewals may see some rate relief next week...
CIMBC Team
3 min
Fixed-payment variable rate mortgages a “dangerous product,” says OSFI
Steve Huebl Government and Regulation November 2, 2023 Canada’s banking regulator said Thursday it views fixed-payment variable-rate...
CIMBC Team
2 min
Recession talk gets louder as economic growth flatlines for second straight month
Steve Huebl Economics October 31, 2023 Canada’s economic growth has flatlined for the second straight month, and has now undershot...
CIMBC Team
3 min
Bank of Canada expected to hold rates this week amid economic downturn
Steve Huebl Bank of Canada October 24, 2023 Leading up to this week, the odds of an additional Bank of Canada rate hike were basically a...
CIMBC Team
3 min
Home listings surge and buyer demand cools in Canada’s largest markets
Steve Huebl Real Estate October 10, 2023 Real estate listings in the country’s largest metro areas continued to grow in September while...
CIMBC Team
3 min
Bond yields surge to new heights, mortgage rates expected to jump another 20 bps
Steve Huebl Interest Rates October 4, 2023 On Tuesday, the Government of Canada 5-year bond yield jumped to an intraday high of 4.46%,...
CIMBC Team
2 min
Larger and more regular price hikes by businesses keeping inflation “sticky,” says BoC
Steve Huebl Bank of Canada October 3, 2023 The Bank of Canada says larger and more frequent price increases by businesses have...
CIMBC Team
2 min
Despite minor improvement, housing affordability remains near all-time worst level: RBC
Steve Huebl Real Estate October 2, 2023 Despite a rise in average home prices earlier in the year, strong income gains were enough to...
CIMBC Team
3 min
Canada’s economy now “struggling” under the weight of high interest rates
Steve Huebl Bank of Canada September 29, 2023 Canada’s economic activity in July was unchanged from the previous month, marking the...
CIMBC Team
4 min
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...
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