There are three elements of this foundation a) an efficient and reliable Transfer Pricing Mechanism (TPM), b) a cost-benefit framework for each product and service which needs the specific presence of a scientific costing and pricing mechanism, and c) introduction of the concept of profit accountability by banks over and above the existing concept of risk accountability.
A strong consumer is, of course, a key contributor to Canada’s strong housing market. However, a number of other factors are at play, as seen in the significant regional divergences in housing sales and prices.