Canadian Imperial Bank of Canada Archives - Mortgage Rates & Mortgage Broker News in Canada

CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses

March 3, 2024 No Comments

CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren’t expected to translate into “material” losses, the bank said.

13,000 CIBC mortgage clients have come out of negative amortization

December 18, 2023 4 Comments

Over the past three months, roughly 13,000 CIBC clients have taken action to bring their mortgages out of negative amortization.

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year

September 12, 2023 5 Comments

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.

Over half of CIBC variable-rate mortgage holders have reached their trigger rate

March 1, 2023 2 Comments

Over 70% of CIBC’s variable-rate customers are seeing all of their mortgage payments go towards servicing interest costs.

CIBC mortgage amortizations soar given its heavy weighting of variable-rate mortgages

December 2, 2022 No Comments

With a third of its mortgage portfolio having variable rates, CIBC saw its amortizations soar as of the fourth quarter.

Canadian Imperial Bank of Canada

CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses

13,000 CIBC mortgage clients have come out of negative amortization

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year

Over half of CIBC variable-rate mortgage holders have reached their trigger rate

CIBC mortgage amortizations soar given its heavy weighting of variable-rate mortgages

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