Bank of International Settlements Flags Canada For Financial Crisis Next Year
Canada’s credit-to-GDP gap has the international banking watchdog warning that a financial crisis will come as early as next year.
Toronto Condo Demand Outpaces Vancouver Real Estate Peak
Toronto real estate was scorching in August, with the condo market being no exception. The average price is now $417,869
Canadians Racked Up Twice The Mortgage Debt of Americans
Canadian mortgage debt demolished previous records this year, having risen to $1.03 trillion at chartered banks alone.
Are Smurfs and Canadian Banks Ruining The Canadian Real Estate Market?
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 […]
Are Canada’s Banks Betting Against The Toronto Housing Market?
Some big Canadian banks are bracing themselves for corrections in the Vancouver and Toronto housing markets, we tell you which ones.
