by REM Editorial Team | Apr 25, 2024 | News
The majority of Canadians (76 per cent) who don’t own property feel that entering the housing market is out of reach, according to a recent CIBC poll. However, over half (56 per cent) of this group are still optimistic and hold on to the homeownership dream — though...
by REM Editorial Team | Nov 27, 2023 | News
Canadian housing is in recessionary territory, CIBC reports, as it’s facing the biggest challenges since the country’s recession in 1991. In early 2021, unit sales hit a peak of 64,000 and are currently down by 45 per cent – 12 per cent below the pre-pandemic...
by REM Editorial Team | Nov 23, 2023 | News
This week, the federal government’s mid-year statement included housing costs. CIBC Economics reports that softer growth, higher interest rates and initiatives announced since the budget mean the updated deficit numbers aren’t as favourable in terms of fiscal...
by REM Editorial Team | Jun 7, 2023 | News
The dream of homeownership lives on for Canadians, according to a recent poll conducted by CIBC. Homeownership remains a top goal for 71 per cent of non-homeowners, while the majority of mortgage holders (82 per cent) and renters (64 per cent) express concerns about...
by James R.G. Cook | Dec 23, 2022 | Legal Issues, News
QUICK HITS In CIBC v. Pena, the court had to determine whether the lender could take possession and sell a property that had been leased out to tenants by a borrower who had defaulted on a mortgage. The tenants opposed the lender’s application to sell the...
