Further tightening of macroprudential and tax-based measures to mitigate speculative and investment activity should be considered.
Report says the number of households with debt bigger than 350% of their gross income has doubled to 8% since 2008.
Central bank governor admits lower rates put risks on household debt levels, but set the overall economy to recover more quickly.
Most can manage their debt, with only a third saying they have reached their limit.
Others say they don’t have the savings to take advantage of the higher limit, according to CIBC poll.
Increase in exports thanks to an improved US economy has boosted business investment and job creation.