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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
3 min read


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...

CIMBC Team
4 min read


BoC’s summer rate hikes continue to slow housing activity…except in Alberta and Atlantic Canada
Steve Huebl Real Estate September 15, 2023 Housing markets across the country continued to lose steam in August following the latest Bank...

CIMBC Team
2 min read


Early-stage delinquencies for all credit products are on the rise: Equifax
Steve Huebl Mortgage Industry News September 14, 2023 Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise...

CIMBC Team
3 min read


Team CIMBC Attends the Annual Tom Trenouth Charity Golf Tournament
Another successful charity drive by Home Trust for mental health at the Annual Tom Trenouth Charity Golf Tournament. As expected, CIMBC's...

CIMBC Team
1 min read


Team CIMBC Attends the 14th Annual Women in Mortgages Charity Golf Tournament
You just can't go wrong with the traditional ice cream truck at the CIMBC hole in support of the 14th Annual Women in Mortgages Charity...

CIMBC Team
1 min read


Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes
Steve Huebl Interest Rates September 13, 2023 Canadian mortgage borrowers continued to see their interest costs climb in the second...

CIMBC Team
2 min read


Recent rate hikes continue to slow housing activity in Canada’s largest cities
Steve Huebl Real Estate September 11, 2023 Housing markets in the country’s largest markets continued to moderate in August, following...

CIMBC Team
3 min read


August job gains keep Bank of Canada rate hikes in play
Steve Huebl Bank of Canada September 8, 2023 Surprisingly strong employment gains in August are keeping the door open to an additional...

CIMBC Team
2 min read


Bank of Canada decision: Rate hold expected, but debate over future hikes persists
Steve Huebl Bank of Canada September 5, 2023 Weaker-than-expected GDP data last week likely sealed the deal for a rate hold tomorrow by...

CIMBC Team
3 min read


Weak GDP data means Bank of Canada rate hikes could be “over and done”
Steve Huebl Bank of Canada September 1, 2023 Canada’s economy slowed more than expected in the second quarter, raising the likelihood...

CIMBC Team
3 min read


Canadian recession imminent and could last through the first half of 2024
Steve Huebl· Mortgage Industry News August 31, 2023 Despite Canada’s economy outperforming expectations over the last few quarters, signs...

CIMBC Team
3 min read
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