CIBC’s Tal on rate cut timeline, Renewals focus, Reaction to OSFI decision, More

Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal View web version | Forward to a colleague 18 October 2023 Top news Bank of Canada likely to begin cutting rates in mid-2024: CIBC's Tal The overnight rate could settle around 3%, according to leading economist Refinances, early renewals remain prominent despite slower purchase activity Borrowers contending with higher renewal rates remain keen to weigh up options Recovering from a variable rate Overwhelmed by variable-rate mortgage payments and recovering from medical treatment, this client turned to their mortgage broker for help. Our BDM and underwriter proposed refinancing with a 35-year amortization to help reduce monthly payments and pay off debt. This was the relief the client needed to get back on track financially Bridgewater Bank Premium Five ways to scale your business in 2024 Who wins the future – the broker with AI, or the one without? Exclusive Feature: Scarlett Genius At Scarlett Mortgage, we believe streamlining your workflow as a mortgage professional is everything, and it can be the difference between struggling in the business and finding the success that you deserve Reaction pours in on latest OSFI decision The regulator announced it may not move ahead with stricter mortgage lending rules Mortgage brokers can sit back and relax with CWB Optimum Mortgage With award-winning talent on our team and a full-range of products – we've got you covered! Optimum Mortgage What's next for the Bank of Canada after latest inflation reading? The central bank remains focused on bringing inflation down to 2% British Columbia tightens rules on short-term rentals to boost housing supply The new legislation tackles a chronic issue in the province's housing market Furey announces plan to tackle Newfoundland and Labrador housing crisis The plan will add 500 new housing options to the market London, ON mayor calls for new federal response to housing shortage Morgan says further action required to address supply-demand imbalance International news Forbearance rates decrease, but uncertainties persist MBA report sheds light on the current state of loans under forbearance and future challenges Annual inflation retreats further in latest figures Rate cuts may come earlier - Kiwibank Are rising interest rates gentrifying the first-time buyer market? Expert highlights need for modern day Right to Buy scheme Brokers on Non-Banks 2023 top performers revealed Best non-bank mortgage lenders as chosen by brokers CMPTV What needs to be top of mind for brokers and agents in the current market? Company president shares his views Want to change how you receive these emails? You can manage preferences or unsubscribe © 2023 KM Business Information Canada Ltd, 317 Adelaide street west, Toronto, ON  Privacy | Conditions of Use | About Us | Contact Us

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