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Housing Downturn and Equitable Group (ETC)


Guest bengrahamofthenorth

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Guest bengrahamofthenorth

Given all the talk about a Canadian housing bubble, has anybody looked at equitable group (TSX:ETC). I was trying to determine impairments given an XX% decline in housing prices. Non-CMHC insured loans only have an allowance of .53%. I can't find any info on their loan to value ratios. Anybody done any work?

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  • 4 years later...
Guest notorious546

Given all the talk about a Canadian housing bubble, has anybody looked at equitable group (TSX:ETC). I was trying to determine impairments given an XX% decline in housing prices. Non-CMHC insured loans only have an allowance of .53%. I can't find any info on their loan to value ratios. Anybody done any work?

 

stock trades quite cheap ~1.1 book value, maybe 7x 2016e earnings. anyone looked at this recently.

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