News of the day: First-time homebuyers, mortgage rates, Xanadu valuation, AI banking, tax filing tips and more
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Realtors and brokers across Canada describe the mood among first-time buyers as cautious. Photo by Mario Tama/Getty ImagesArticle contentIt’s Thursday, April 16. Here are the top stories we’re following today.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentWhy first-time homebuyers are still treading cautiously this springArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentEven with the introduction of the First Home Savings Account and the First-time home buyers’ GST/HST rebate on new homes valued up to $1 million, a higher Home Buyers’ Plan withdrawal limit and provincial incentives, realtors and brokers across Canada describe the mood among first-time buyers as cautious.Article contentArticle contentRead the storyArticle contentArticle content A house for sale in Toronto, Ont. Photo by Laura Proctor/Bloomberg filesArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentA rise in mortgage rates may ‘pull the rug’ out from under the spring housing market, says CREAArticle contentFollowing a frosty March, housing market demand could remain cool during what are typically the hottest homebuying months of the year, according to the latest report from the Canadian Real Estate Association.Article contentLatest EntrepreneurScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content Xanadu Quantum Technologies Inc. is racing to develop commercial-scale quantum computers that can solve problems beyond the scope of classical computers. Photo by Handout/Xanadu Quantum Technologies Inc.Article contentCanadian quantum company Xanadu soars to $16 billion valuation after Nvidia releaseArticle contentToronto-based Xanadu Quantum Technologies Inc.’s market cap soared to $16 billion on Thursday, making it one of Canada’s most valuable publicly traded technology companies just three weeks after debuting on the Toronto Stock Exchange.Article contentSecond ListsScroll Left Scroll RightArticle contentRead that storyArticle contentArticle content Canada’s Big Six banks are looking for ways to increase their use of artificial intelligence to boost productivity. Photo by Peter J Thompson/National PostArticle contentAI helped CIBC save 1.2 million hours, cut mortgage approval times at TD, CEOs sayArticle contentArtificial Intelligence-driven tools helped the Canadian Imperial Bank of Commerce save 1.2 million hours of work in its first quarter and cut mortgage approval times at Toronto-Dominion Bank, say the lenders’ chief executives.Article contentRead the storyArticle contentArticle content As of April 12, about half of Canadians had yet to file their 2025 tax return. Photo by Getty ImagesArticle contentThree steps to make filing your tax return to the CRA less painfulArticle contentWith the general filing due date of April 30 less than two weeks away, Jamie Golombek shares his three-step process for preparing his personal tax return to ensure the filing is accurate and complete.Article contentRead the storyArticle contentTrending The Great Correction: Not even Wayne Gretzky's hometown could escape the crash of the 'exurbs' Real Estate A rise in mortgage rates may ‘pull the rug' out from under the spring housing market, says CREA Mortgages Posthaste: What Mark Carney's gas tax cut could mean for the Bank of Canada News Cineplex gauging interest from potential buyers Retail & Marketing AI helped CIBC save 1.2 million hours, cut mortgage approval times at TD, CEOs say Banking Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.
The Great Correction: Not even Wayne Gretzky's hometown could escape the crash of the 'exurbs' Real Estate A rise in mortgage rates may ‘pull the rug' out from under the spring housing market, says CREA Mortgages Posthaste: What Mark Carney's gas tax cut could mean for the Bank of Canada News Cineplex gauging interest from potential buyers Retail & Marketing AI helped CIBC save 1.2 million hours, cut mortgage approval times at TD, CEOs say Banking