CIBC eyes mortgage growth, expects no hard landing for Canada home prices
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Toronto
CANADIAN Imperial Bank of Commerce said on Thursday that it was prepared to keep expanding its market share in mortgages, shrugging off concerns over a possible sharp fall in house prices which have prompted rivals to curb lending to homebuyers.
CIBC said its residential mortgage book had risen to C$197 billion (S$214 billion) at the end of June, up 13 per cent from a year earlier, with the bank seeing its growing home loan portfolio as a means through which it can cross-sell other products.
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