Real Estate Market Drives Canadian Loan Growth
Canadian banks have had a strong year so far, with consumer loan growth being driven by a rebounding domestic real estate market and commercial loan growth up from 2012. Commercial loan growth is expected to remain strong in the medium term though Canadian consumers may start to deleverage.
“After a surprisingly good spring and summer selling season for domestic real estate, it is no surprise that year-over-year loan growth accelerated in July,” writes Tom MacKinnon in a recent comment from exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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