Post by
Donwaan on Jun 24, 2022 9:53pm
Anyone else share these concerns?
This is from a newsletter writer I subscribe to: Canadian banks are going to get into trouble with their large mortgage exposure on housing. I expect Canadian Banks will loose half their value. This will be larger than the 1980 collapse because back then $200,000 was considered a high mortgage, now it is around $800,000. A recent survey by Manulife found that 1 in 4 Canadian home owners feel they will be forced to sell their homes if interest rates keep rising. Those are huge numbers.
Comment by
itsthehitman on Nov 23, 2022 12:26pm
get rid of that newsletter.....so far off the mark its absurd......canadian banks rock.....successful and pay excellent divis....glta