Just Released: "Consumer Lending in Canada"
Both mortgages/housing and consumer credit lending slowed in 2013, but remained firmly in positive territory. Lower margins for prime mortgage loans are guiding chartered banks to seek higher growth lending opportunities. Record low mortgage payments as a percentage of income are keeping consumers spending, but the days of double-digit gains in home equity are past. Consumer borrowing will become more dependent on gains in income rather than home-asset appreciation going forward.
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