A new report from Canadian Imperial Bank of Commerce warns that Canada’s economy is overly reliant on housing, as slowing construction and falling prices weigh on growth. Home values are down sharply since 2022, with condo markets like Toronto seeing steep declines. Rising HELOC searches suggest homeowners are under pressure. Meanwhile, banks continue lending despite mounting risks, raising concerns about broader financial stability.
I CANNOT BELIEVE What CIBC Said About The Economy And Real Estate!
