CIBC’s exposure to mortgage market raises concerns
Canada’s real estate market is at risk of a correction
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Canada’s real estate market is at risk of a correction
10 to 25 basis points will be added to overall rates
They'll also limit choice and increase the cost of borrowing
3% of transactions involved foreign buyers last month
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Divergence between Canadian and U.S. policy to grow
To ease affordability and reduce risk
To get the best mortgage rate deal you need to hedge and shop aggressively
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Changes kicked in Tuesday and affect all amortization periods