cibc Archives - Mortgage Rates & Mortgage Broker News in Canada

CIBC and Indigenous-led Longhouse Capital Partners form strategic relationship

April 1, 2025 No Comments

CIBC Global Asset Management says it has entered into a strategic relationship with Indigenous-owned and led asset management firm Longhouse Capital Partners Inc.

Mortgage Digest: Fixed mortgage rates keep falling, but variable-rate pricing is on the rise

March 25, 2025 No Comments

Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing relief. While lenders continue trimming fixed rates, discounts on variable rates are shrinking.

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 3 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.

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