CIBC head sees flat mortgage growth in the foreseeable future
01/18/2019
The head of Canadian Imperial Bank of Commerce (CIBC) said that the country’s mortgage industry will plateau in the near-term, with growth limited to the low single-digits.
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Watch out: the Canadian housing market could become a drag on the economy in 2019
11/16/2018
The Canadian housing market hasn’t provided much of a boost to the country’s economy in 2018 and, according to one bank, it’s a trend that will likely continue in the new year.
Housing starts have been slowing in recent months, which CIBC economist Royce Mendes believes is a sign that the market will exert a drag on the Canadian economy in 2019.
CIBC: Expect two rate rises in the next 3 months
10/09/2018
Homeowners could be facing two interest rate rises in the coming months according to an updated forecast. CIBC Capital Markets said Thursday that it was
Mortgage rules tear off a significant chunk of CIBC’s volume
09/09/2018
In its latest report of its results, the Canadian Imperial Bank of Commerce announced that new mortgage sales volume weakened by over 40% in the
