IMF Says Home Prices to Consumer Debt a Concern for Canada Banks

household-debt,home-prices,consumer-debt,consumer-discretionary,government,mortgages,fixed-income,real-estate,infrastructure,house-prices,personal-finance,well-spent

Home Prices

Canada

Consumer Debt

Household Debt

Mortgages

Real Estate

House Prices

Markets

Finance

Fixed Income

Government

Consumer Discretionary

Luxury

Infrastructure

Personal Finance

Americas

Well Spent

Canada’s banks are able to weather severe financial stresses, though elevated home prices and high household debt are still a worry: IMF. "Mortgages and consumer loans secured by real estate represent the single largest exposure of banks, and elevated house prices and high household indebtedness remain an area of concern" Housing is a worry even with a "substantial level" of government-guaranteed mortgage insurance

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