The Home Capital Group is taking business from larger Canadian lenders including Toronto Dominion Bank and the Canadian Imperial Bank of Commerce, as these lenders are backing away from the non-prime mortgage market that’s currently worth in excess $200 billion.
TD Bank Warns Canadian House Prices Are Overvalued by up to 15%
March 30, 2012 by
The Toronto-Dominion Bank, the second largest bank in Canada is worried Canadian house prices are overvalued by between 10% and 15%, and its chief economist thinks the government should be taking measures to slow down lending growth.
