RE: CIBC announcement good for HCG There really isn't a sub prime market in Canada the way there was in the US.
HCG is an equity lender so they don't really have a comparable product to the CIBC product that is being dropped but a lot of the people who take out those loans will be able to come up with the extra cash for a 20% down payment if they have to so I do think its good for HCG. Rumors are also going around that CIBC is going to drop the mortgage broker channel which again is good for HCG.