Top Stories

This Week’s Top Stories: CIBC Kills Foreign Income Mortgage Program, and The CMHC Says Toronto and Vancouver Real Estate Is Showing “Excessive Exuberance”

Time for your cheat sheet on this week’s most important real estate stories. Canadian Real Estate CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder CIBC is discontinuing its Foreign Income Program, a program designed to help those with foreign income obtain an uninsured mortgage. The program is being replaced with new, more […]

Canada

Toronto and Vancouver Real Estate Showing “Excessive Exuberance” Shows CMHC Indicator

Canada’s largest real estate markets may be seeing irrational buying. The Canada Mortgage And Housing Corporation (CMHC), a Crown corporation, has developed a new method of tracking over enthusiastic buyers. The method detects periods of accelerated price growth, in Canada’s largest markets. The most recent readings show Toronto and Vancouver are showing excessive exuberance. Montreal […]