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Tag: CIBC

Toronto

CIBC: Over 44% of Toronto Condo Investors Don’t Get Enough Rent To Cover The Mortgage

CIBC - Over 44% of Toronto Condo Investors Don’t Get Enough Rent To Cover The Mortgage
April 9, 2018

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.

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Canada

CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder

CIBC Kills Foreign Income Program, Makes Buying Canadian Real Estate Harder
February 15, 2018

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.

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