CIBC shows high profits despite stricter mortgage rules Canadian Imperial Bank of Commerce (CIBC) started this earnings season with a high profit, pushed up by double-digit growth in its main Canadian division. During the second fiscal quarter, CIBC earned $1.32 billion. On an adjusted basis, profit...

Millennials turn out to have the same homeownership desires as their parents A recent report by Ryerson University shows that millennials have almost the same needs and desires as their parents in terms of homeownership. Using an extensive demographic research and statistical analysis, the report found that...

Chinese interest in Toronto real estate is recovering The wealthy Chinese’s interest in Toronto homes could be rebounding following a sharp decline after the foreign buyers’ tax was introduced in 2017, says the recent study by international property portal Juwai.com. According to the report, the number...

Home sellers in Toronto don’t seem to worry about a weaker real estate market Although home sales reached the lowest level since the 2009 recession, sellers in Toronto don’t show the signs of a panic and don’t list their properties massively. It could mean they...

CREA says average home price went down by 11% in a year According to the Canadian Real Estate Association (CREA), the average home price in April was down by more than 11% from the previous 12 months. CREA says home...