Canadian House Prices and Banking Performance
Canadian House Prices
•
•
Absolute price level is moderate compared to major global urban centers
300
Canadian debt to income ratio in line with many developed nations
Growth rates of house prices in Canada have diverged across regions
250
200
150
Region
CAD1
USD Eq.²
Canada
612K
459K
Average Home Price
YoY %
Change³
-18%
100
50
0
Toronto
1079K
808K
-14%
Vancouver
1111K
833K
-7%
40%
Calgary
510K
382K
6%
30%
Montreal
498K
373K
-6%
20%
10%
Ottawa
604K
452K
-11%
CIBC◇
For footnoted information refer to slide 39.
Household Debt to Income Ratio 4
Household Debt to Income Ratio
-Average
Norway
Denmark
Netherlands
Australia
0%
Dec- Dec-
07 08 09
Dec- Dec-
10
Dec-
11
Dec Dec- Dec-Dec-Dec
12
13
14
15
16
17
Dec- Dec
18
Dec- Dec- Dec- Dec-
19
20
21
22
-10%
Housing Index Year over Year Change, by City 5
-Canada
-Montreal
-Toronto
Ottawa
-Calgary
Halifax
Sweden
Canada
U.K.
France
Ireland
-Vancouver
-Quebec
Japan
U.S.
Germany
-20%
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