Tag Archives: CIBC

CIBC on the housing and the Canadian Consumer; Bank of Canada speech; Other noteworthy news stories

CIBC on housing and the Canadian consumer Just a week after Scotia Economics released a report suggesting that Canadian consumers are “tapped out”, CIBC economics has released an interesting report that contains some similar themes. Some highlights: This suggests that … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , | 25 Comments

Why falling house prices will pull at employment (not the other way around)

Why a housing downturn would hurt employment This is a topic I discuss often on this lowly blog.  It’s a source of confusion for many people as most see employment as buoying house prices, not the other way around.  I … Continue reading

Posted in Economy, Real Estate, Social trends | Tagged , , , , , , , , , , , | 11 Comments

Household credit analysis: What the boom looks like before the bust

CIBC released their latest household credit analysiss report yesterday.  It is full of interesting data points.  Though nothing in the report is particularly shocking for anyone who has been reading this blog and is aware of the ongoing credit bubble … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , , , , , , | 5 Comments

Why the big banks have to lie through their teeth

I noted in a post a couple days ago that CIBC recently concluded that real estate is about 12% overvalued in Canada.  Now this is a country mile from what the big banks were saying last year at this time, … Continue reading

Posted in Real Estate | Tagged , , , , , , , , , | 11 Comments