Tag Archive: tiff macklem


Finally, a Major Bank Openly Promotes a Sub-2% Five-year Fixed

—The Mortgage Report: Sept. 10— CIBC has dropped the following special fixed rates: 5yr (high-ratio): 2.07% to 1.97% 5yr (uninsured): 2.24% to 2.14% 7yr: 2.71% to 2.61% It’s the first time ever that a Big 6 Canadian bank has widely and openly advertised a 5-year fixed rate under 2%, albeit it’s only on default-insured mortgages. This development is more symbolic...