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Sold My Canadian Bank Holdings, Here’s Why!

Sold My Canadian Bank Holdings, Here’s Why!

 

Real Estate bubbles in Toronto and Vancouver, high debt to GDP, high housing prices to median incomes and bank news have spooked me. As a result I have sold all my Canadian Banks and Home Capital Group.

Debt/GDP-http://business.financialpost.com/news/economy/canadas-record-household-debt-is-threatening-its-financial-stability-global-bankers-fear

Percentage of median income to afford real estate: https://opentextbc.ca/geography/chapter/case-study-2-2/

Median Real Estate Price to median incomes: http://www.newgeography.com/content/005154-best-and-worst-2015-international-housing-affordability

Shorts on Home Capital Group: http://www.theglobeandmail.com/globe-investor/investment-ideas/us-hedge-funds-make-bets-against-canadas-home-capital-group/article33438764/

Banks duping customers: http://www.theglobeandmail.com/globe-investor/investment-ideas/us-hedge-funds-make-bets-against-canadas-home-capital-group/article33438764/

BMO bundling uninsured mortgages: http://www.theglobeandmail.com/globe-investor/investment-ideas/us-hedge-funds-make-bets-against-canadas-home-capital-group/article33438764/

 

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