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Average Canadian rent hits an all-time high of $2,202
Steve Huebl Real Estate June 6, 2024 Average rents across Canada are now up 32% from their pandemic lows. The average asking rent in May...

CIMBC Team
1 min read


What the Bank of Canada rate cut means for mortgages, consumer loans and investments
The Canadian Press Bank of Canada June 5, 2024 By Ian Bickis The Bank of Canada has lowered its key interest rate by a quarter of a...

CIMBC Team
3 min read


Reasons for and against a Bank of Canada rate cut this week
Steve Huebl Bank of Canada June 3, 2024 While the odds of a Bank of Canada rate cut this week have risen, some experts admit the decision...

CIMBC Team
5 min read


Soft GDP figures point to a BoC rate cut next week, but uncertainty remains
Steve Huebl Bank of Canada May 31, 2024 Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest...

CIMBC Team
2 min read


More Canadians only making minimum payment on credit cards: TransUnion
The Canadian Press Mortgage Industry News May 28, 2024 By Ritika Dubey A new report suggests an increasing number of Canadians are seeing...

CIMBC Team
2 min read


OSFI says mortgage payment shock poses a key risk to Canada’s financial system
Steve Huebl Government and Regulation May 22, 2024 Canada’s banking regulator says high borrowing costs and a wave of expected renewals...

CIMBC Team
3 min read


June rate cut still a “close call” despite lower inflation in April
Steve Huebl Bank of Canada May 21, 2024 Canada’s headline inflation rate continued to ease in April, leaving the door open to a Bank of...

CIMBC Team
2 min read


2024 recession now expected to be “shallower and shorter,” says Oxford Economics
Steve Huebl Economics May 16, 2024 While Canada’s economy is still expected to enter a technical recession this year, Oxford Economics...

CIMBC Team
2 min read


Canada jobs numbers spike, but April inflation may delay rate cut: economists
Brennan Doherty Economics May 10, 2024 Canada added 90,000 jobs to the national economy in April, according to the latest figures from...

CIMBC Team
2 min read


April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report
The Canadian Press Real Estate May 10, 2024 The average asking rent for a home in Canada in April was up 9.3 per cent compared with a...

CIMBC Team
2 min read


CMHC exceeds 2023 housing goals despite economic headwinds
Jared Lindzon Mortgage Industry News May 9, 2024 The Canada Mortgage and Housing Corporation (CMHC) surpassed its 2023 housing targets...

CIMBC Team
3 min read


Canada’s latest GDP figures may prompt Bank of Canada summer rate cut: Economists
Brennan Doherty Bank of Canada April 30, 2024 Canada’s quarterly gross domestic product edged up 0.2% in February, according to...

CIMBC Team
2 min read
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