RE:Why all banks are in RED like thisThe BofC and the Fed have indicated that they're going to keep raising rates to fight inflation. This causes borrowing costs to keep going, adding to the worry that new loan growth will slow down going forward, which is seen as a negative for the banks (especially with a possible recession coming).
That being said, I still think the Canadian banks are great places to invest. They're all cash cows, run well, and consistently raise their dividend. They're the backbone of the Canadian economy really.
These falling prices are getting ridiculous honestly. The housing market will not crash in this country, period. There's too much demand, too little supply. Not worried at all about those loans going south.