On percentage basis I would argue CM (Imperial bank of Canada) is the most vulnerable to the housing market - which is closer to 52 week lows compared to TD and Royal (both have more international exposure).

    Regarding the housing bubble, I am personally not in the camp of crash scenario. Maybe  a further 20% correction. Toronto and Vanvouver have become literally international money laudering centers so affordibility is not a countable measurement. I came from other countries so I think a lot of Americans, Canadians or Australians don't fully understand how popular their countries are, to forgeign professionals & wealthy immigrants. They all have their own issues, but man other countries are doing far worse (just look at Japan, Europe etc).

    I would love to see a a 30% further down in Canadian banks. At that point thet should be yielding very well. Because of the chartered banks system, there are no outside competition to these big 6 banks. They should come back to all time highs shortly after the resession ends.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!