The $4.45-billion transaction is expected to close in the first quarter of 2022
The frenzied pace of sales is starting to ease across the country
For some, there is a feeling of distrust around government money
The rule changes, effective June 1, could push buyers to seek more affordable homes
The national average home price was a little under $696,000 in April
On a monthly basis, sales dropped nearly 13%
New measures include a hiring subsidy and e-commerce support
Canadian home sales jumped 76% year-over-year
CIBC's CEO commented on Canada's heated housing market ahead of the bank's annual general meeting
Dave McKay also spoke at the bank's AGM about the need for a more inclusive Canadian society