Canada’s Consumer Debt Situation Not As Bad As We Thought
Some positive news out of a recent CIBC report shows that Canadians have significantly slowed down their accumulation of consumer debt over the last year. While total debt rose 1.8% over the last quarter, outpacing the 0.7% increase in income, consumer debt (that is, total debt minus mortgage debt) rose at the same rate as…
Read moreThe Mysterious Vancouver Housing Bubble: Part 2
It seems to be a weekly occurrence now to hear about some new data attempting to explain the ever-rising home prices in Vancouver. This week, Benjamin Tal, deputy chief economist at CIBC, pointed to some data from Landcor Data Corp. which estimated that only 10% of foreign transactions in Vancouver over the past five years…
Read moreFour Out of Five Major Canadian Banks Have Lowered Mortgage Rates
CIBC is Fourth Bank To Announce Drop in Fixed Mortgage Rate
Read moreBank of Canada Off Base
By now, we’ve heard about the recent warning from the Bank of Canada regarding household debt being the biggest risk to the financial system.
Read moreCIBC: Bank of Canada Off Base
By now, we’ve heard about the recent warning from the Bank of Canada regarding household debt being the biggest risk to the financial system.
Read more
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