Canadian House Prices and Banking Performance
Notes on slides 29-33
Slide 29 Canadian House Prices
Source: CREA, January 2023
1.
2.
1 USD = 1.335 CAD
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5.
Source: Teranet - National Bank House Price Index
Source: OECD, 2022 or latest available. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which taxregulations regarding tax deductibility of interest payments.
Source: Bloomberg, Teranet - National Bank House Price Index
Slide 30 CIBC's Mortgage Portfolio
1.
LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for January 31, 2023 and October 31, 2022 are based on the Forward Sortation Area level indices from the Teranet -
National Bank National Composite House Price Index (Teranet) as of December 31, 2022 and September 30, 2022, respectively. Teranet is an independent estimate of the rate of change in Canadian home prices.
Slide 33 Canadian Bail-In Regime Update
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As referenced in the Bank Recapitalization (Bail-in) Regulations: http://laws-lois.justice.gc.ca/eng/regulations/SOR-2018-57/FullText.html
Increased to 24.00% on October 31, 2021 upon increase of Domestic Stability Buffer to 2.50% (the maximum) from 1.00%
CIBC
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