cibc Archives - Page 2 of 4 - Mortgage Rates & Mortgage Broker News in Canada

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

Will the Bank of Canada deliver another 175 bps in rate cuts? TD and CIBC say yes

July 26, 2024 No Comments

Borrowers may have welcomed recent rate cuts from the Bank of Canada, but TD Bank and CIBC predict an additional 175 bps of easing by the end of 2025, lowering the overnight rate to 2.75%.

Three big banks just slashed fixed mortgage rates: “Great news” for those facing renewal

June 18, 2024 No Comments

Lenders across the country, including three of Canada’s Big 6 banks, are once again busy slashing fixed mortgage rates—a welcome sign for those facing renewal in the coming months.

Non-owners feel locked out of homeownership

Entry to housing market feels out of reach for 76% of non-owners: CIBC poll

April 12, 2024 No Comments

Three in four Canadians who don’t own a property say buying a home feels out of reach, a new poll shows.

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.

What is the likelihood of a soft landing in Canada

What history can tell us about soft landings and the pace of rate cuts that usually follow

February 22, 2024 No Comments

Contrary to skepticism, the Bank of Canada actually has a proven track record of successfully managing soft landings more often than not.

Housing supply gap worse than first thought: 5 million extra homes needed by 2030, CIBC says

February 8, 2024 1 Comment

A new report from CIBC deputy chief economist Benjamin Tal suggests Canada’s housing supply gap is even worse than first thought.

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.

Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation

October 19, 2023 No Comments

CIBC was recently fined over $3.4 million by British Columbia’s consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.

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