About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, December 2, 2016

CIBC is over-exposed to mortgage market says analyst

The Big Six banks began reporting their latest financial results this week and CIBC revealed figures that exceeded expectations. However, some analysts are concerned about the lender’s exposure to the residential mortgage market.

"It's clear that they're more exposed to a sharp reduction in real estate values in Canada than any of the other major banks," Jim Shanahan of Edward Jones told BNN.

He added that with CIBC’s book of uninsured mortgages and home equity loans running at 5.4 times its regulatory capital, it is more exposed than its peers and has increased that exposure from 4.7 times regulatory capital a year ago.

Among other banks that have reported so far, RBC’s exposure is 3.5 times capital and Scotia is at 2.6 times, down from 3.1 a year ago.

The bank says that most of its loans have low loan-to-value ratios and high credit scores.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)