Canadian real estate is seen as bulletproof but more banks are warning that might not be the case. CIBC Capital Markets’ November forecast shows a steep climb to the overnight rate. They expect the Bank of Canada (BoC) to hike rates up to five times over the next two years. Separately, they warned there is […]
One of the Big Six Canadian banks is seeing an uptick in delinquencies in a key Canadian real estate market. CIBC generally observed a decline in delinquencies for uninsured mortgages in Q2 2021. The data, presented to institutional debt investors, did have one exception — Vancouver. Greater Vancouver’s uninsured mortgage delinquencies made an unexpected surge […]
CIBC Economics crunched the numbers on Greater Toronto condo investors, and found that nearly half collect less rent than the required mortgage payments. Most are still making money.
Foreign buyers looking to buy Canadian real estate just got a massive hurdle when obtaining a mortgage, from CIBC – one of the country’s largest banks.
