CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year
CIBC reports that its mortgage clients are so far managing to absorb the payment shocks as their mortgages come up for renewal at higher rates.
Each quarter we pick through the quarterly earnings presentations and conference calls of the Big 6 banks and key mortgage lenders to bring you all the mortgage notables. This includes updates on mortgage originations and volumes, as well as insights from executives on the latest trends and outlooks.