CIBC became the second Big 6 bank to cut its 5-year fixed mortgage rate today.
Mortgage News
INSIGHTS AND ANALYSIS OF THE MORTGAGE MARKET
National home prices posted their first monthly increase since February as housing inventory tightened further to “extremely low” levels, the Canadian Real Estate Association...
Sadly, cancer touches us all in some way, either personally or through colleagues, acquaintances and those we love. Here are some sobering statistics from...
From rising inflation and falling consumer confidence to changing real estate preferences, Canada’s mortgage market could be impacted on multiple fronts. Ben Rabidoux, a...
Since the start of the pandemic, the Bank of Canada has been buying up billions of dollars worth of bonds each week, which has...
The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. This was expected, in part...
Weaker-than-expected economic data may have thrown a splash of cold water on Canada’s current economic recovery, but isn’t likely to figure into the Bank...
More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low...
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After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity moderate. That’s the assessment...
Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter. Nationwide, volume was...
Canada’s main political parties have been unveiling housing promises over the past couple of weeks, each outlining how they plan to tackle the predominant...
CIBC and TD Bank closed out the third-quarter earnings season for the Big 6 banks with impressive profits, much like their peers that reported...
Royal Bank exceeded expectations for its third-quarter earnings, driven in large part by strong mortgage growth. Canada’s largest bank grew its mortgage portfolio by...
Bank of Montreal and Scotiabank kicked off third-quarter earnings for the Big 6 banks this week, with both reporting a sharp rise in profits.