Q1 2020 Fixed Income Investor Presentation
Canadian House Prices
Average Home Price
.
Absolute price level is moderate compared
to major global urban centers
City
CAD
USD Eq.
Canada
504K
385K
.
Canadian debt to income ratio in line with
many developed nations
Toronto
828K
633K
Vancouver
1009K
771K
Growth rates of house prices in Canada
have diverged across regions
Calgary
412K
314K
Montreal
384K
293K
300
250
200
150
Household Debt to Income Ratio
Household Debt to Income Ratio
34
100
50
0
Denmark
Netherla...
Norway
CIBC Q1 2020 Fixed Income Investor Presentation
Australia
Sweden
Source: OECD, 2018 or latest available. Household debt ratios across countries can be significantly
Canada
Ireland
U.K.
France
Japan
U.S.
Germany
Source: Bloomberg, Teranet - National Bank House Price Index
CIBC
affected by different institutional arrangements, among which tax regulations regarding tax deductibility
of interest payments.
Average
35%
-Canada
Toronto Vancouver Calgary Montreal
30%
25%
20%
15%
10%
5%
0%
Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec 12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
-5%
-10%
-15%
Source: CREA, January 2020
11 USD 1.3087 CAD
Housing Index Year over Year Change, by CityView entire presentation