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 […]

This Week’s Top Stories: Canadian Real Estate Buyers Prefer To Leave The Smallest Down Payment Possible, and They’re Turning To Unregulated Lenders

Time for your weekly cheat sheet on the most important stories in Canadian real estate. Canadian Real Estate New Mortgage Distribution Data From The BoC Shows Stress Testing Is A Huge Deal The Bank of Canada (BoC), Canada’s central bank, has determined that Canadians prefer to leave the smallest down payment possible. In 2016, 18.04% […]