Real estate market news Dec 2nd 2016
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CIBC’s exposure to real estate correction is highest among Canada’s banks
Analysts say CIBC’s portfolio of uninsured mortgage and home equity loans is 5.4 times its regulatory capital, which higher than last year and highest among the major banks.
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Foreign Condo Ownership Down in Canada
Figures released Wednesday by Canada Mortgage and Housing Corporation reveal foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years. CMHC also says Canadian ...
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First-time buyers stressed by the new mortgage ‘stress test’
Ottawa’s recent changes to mortgage rules create a bigger challenge for real-estate newcomers, even in the country’s cooler markets
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