cibc Archives - Mortgage Rates & Mortgage Broker News in Canada

U.S. tariffs on Canada and Mexico will take effect Tuesday, Trump says

March 3, 2025 No Comments

U.S. President Donald Trump has confirmed that his long-threatened trade war will go ahead, with tariffs on Canadian goods scheduled to take effect just after midnight tonight.

Stronger-than-expected retail sales could delay Bank of Canada rate cuts

February 21, 2025 No Comments

A surge in retail sales in December has added to the likelihood that the Bank of Canada will pause its rate cuts in March.

Lenders slow to roll out secondary suit refinancing program

Big banks slow to roll out secondary suite refinancing program despite January 15 launch

January 31, 2025 No Comments

Canadian Mortgage Trends has learned that only a few major lenders are currently accepting applications for the federal government’s secondary suite refinancing program.

Experts bet on sixth straight Bank of Canada rate cut this week

January 27, 2025 No Comments

Economists and markets expect a 25-basis-point rate cut this week, bringing the Bank of Canada’s policy rate to a two-year low of 3%.

Paying down debt top financial priority for Canadians in 2025: CIBC poll

December 30, 2024 No Comments

CIBC says paying down debt is the top financial priority for Canadians heading into 2025.

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

December 19, 2024 No Comments

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.

Why three big banks raised fixed mortgage rates despite falling bond yields

December 2, 2024 2 Comments

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why.

Banks head into Q4 with investors looking for better days ahead

December 1, 2024 No Comments

The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

What you need to know before helping your child with a home down payment

October 31, 2024 No Comments

With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers.

Banks and lenders cut fixed mortgage rates

CIBC forecasts ‘supersized’ Bank of Canada rate cut by year end

September 14, 2024 No Comments

The central bank may take a more aggressive approach to easing monetary policy than most have been expecting

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