One of the banking industry’s biggest secrets is one that typically only drug dealers, terrorists, and people evading capital controls ever use – smurfing. Smurfing, sometimes known as structuring, is the process of breaking down money into small amounts to avoid regulatory scrutiny, before transferring said money to a safe haven. Unfortunately, there’s a good […]
The statistics are in and Vancouver’s millennials are getting screwed. Income is up just 10% but housing is up 172% over the past 15 years.
You may not know who Marc Cohodes is, but the 55 year old retiree is a Wall Street legend. So when the man the New York Times once called “the highest-profile short-seller on Wall Street” decided to come out of retirement, we were dying to get in contact with him to see what he was […]
We compare the Toronto real estate market to the TSX Composite and NASDAQ composite to see how you would do if your home was an investment.
Canada’s smartest business people are listing their homes for sale. Now the question is are they profit-taking or buying into the madness?
I know, it’s tough being a Millennial. The Canadian economy is apparently booming, unemployment is nearing historic lows at 6.9%, and you still feel like you’re getting screwed because you can’t afford a house. Well, turns out you are getting screwed. Despite this “booming” economy, the median income for Torontonians hasn’t moved much over the past 30 […]
Some big Canadian banks are bracing themselves for corrections in the Vancouver and Toronto housing markets, we tell you which ones.
The Canadian government is having trouble figuring out how to tax foreign property investors, so we found seven places that already do.
Foreign buyers, especially Chinese real estate investors are being blamed for driving up Toronto’s real estate prices. Here’s the real story.