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12

CIBC’s Dodig Says New Housing Rules to Slow Mortgage Lending

By Tony Seruga

Bank’s CEO sees decelerating but manageable mortgage growth
Dodig commenting in Ottawa on new federal housing measures

Canadian Imperial Bank of Commerce Chief Executive Officer Victor Dodig said new federal government housing rules will slow growth in mortgage lending, though he expects the decline to be manageable.

“Everything will get mitigated in terms of growth,” Dodig said in an interview. “The growth that you are seeing in lending over the past two, three years you’ll see some abatement in that growth but manageable.”…

CIBC’s Dodig Says New Housing Rules to Slow Mortgage Lending

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