UPDATE: 6/17/2014 7:10PM EST the clip and quote come from a presentation which Kyle Bass gave at a CFA conference.

“Look, one of the potential butterfly effects (of a Chinese slowdown) is Canada… Canadian home prices are, on a median, nine times median income. The U.S. hit seven times at the height of the subprime bubble. Where Canadian housing sits today is completely unsustainable… All of the prescriptions for a problem in Canadian housing are out there… It sure looks to me that Canada is all of a sudden coming to a halt.” Fool.com

Somewhat related video below and it looks like quote is from video

Also see Greatest Trades Ever: From Henry Hoare To Kyle Bass [INFOGRAPHIC]

Kyle Bass
Kyle Bass courtesy of Hayman Capital