Soaring home prices have been a boon to the banks' mortgage business, but recent government efforts to cool the housing market could impact lenders if the economy falters, the Canadian Imperial Bank of Commerce said Thursday. While Canada's economy is pumping out jobs and growing at a steady pace, a potential shock could put borrowers at risk of foreclosure – particularly those who have overextended themselves to buy homes, said CIBC chief risk officer Laura Dottori-Attanasio.
