HOME RATES ABOUT SERVICES VIDEO BLOG CONTACT ME TEAM
AGENT LICENSE ID
M08002200
BROKERAGE LICENSE ID
11947
Victor Tanti, AMP Mortgage Agent

Victor Tanti, AMP

Mortgage Agent


Address:
2725 Queensview drive suite 500, Ottawa, Ontario

BROWSE

PARTNERS

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Bank of Canada: Financial Stability Report

5/10/2024

Key takeaways

  • Canada’s financial system remains resilient. Over the past year, financial system participants—including households, businesses, banks and non-bank financial institutions—have continued to proactively adjust to higher interest rates.
  • However, risks to financial stability remain. The Bank sees two key risks to stability, related to:
    • Debt serviceability—Businesses and households continue to adjust to higher interest rates. Indicators of financial stress in both sectors were below historical averages through the COVID-19 pandemic but have been normalizing. Some indicators look to be increasing more sharply and warrant monitoring. Higher debt-servicing costs reduce financial flexibility for households and businesses and make them more vulnerable in the event of an economic downturn.
    • Asset valuations—The valuations of some financial assets appear to have become stretched, which increases the risk of a sharp correction that can generate system-wide stress. The recent rise in leverage in the non-bank financial intermediation sector could amplify the effects of such a correction.
  • The financial system is highly interconnected. Stress in one sector can spread to others.
  • Participants should continue to be proactive, including planning for more adverse conditions or outcomes.

https://www.bankofcanada.ca/2024/05/financial-stability-report-2024/

MY LENDERS

Scotia Bank TD Bank First National EQ Bank MCAP Merix
Home Trust CMLS Manulife RFA B2B Bank Community Trust
Lifecycle Mortgage ICICI Bank Radius Financial HomeEquity Bank CMI Bridgewater
Sequence Capital Wealth One Fisgard Capital Bloom Financial NationalBank