Canada Is Seen As More Corrupt As Money Laundering Estimates Hit $113 Billion

Canada’s squeaky clean reputation took a nosedive, according to an anti-corruption watchdog. This week, Transparency International (TI) released its annual Corruption Perceptions Index for 2021. The index shows Canada continues its spiral lower, having fallen out of the top 10 in 2019. Extensive money laundering and opaque institutions are amongst the reasons for the decline. […]

This Week’s Top Stories: Canada’s Real Estate Price and Income Gap Widens, and The Rich Use Homes To Reduce Taxes

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada’s Gap Between Real Estate Prices And Incomes Looks Ridiculous Beside US Data Canadian real estate price growth has far outpaced incomes, but it’s getting comically large. Canadian home prices have advanced 64% faster than disposable income from 2005 to Q2 […]

This Week’s Top Stories: Canadian Home Building Investment Crashed and Commercial Real Estate Is Contracting

Time for your cheat sheet on this week’s top stories.  Canadian Real Estate Canadian Home Building Investment Has Officially Gone From A Correction To A Crash Canadian home building investment has officially gone from a correction to a crash. Seasonally adjusted real residential construction investment fell to $8.4 billion in September. This is a drop […]

Australian Real Estate Prices Are Inflated By Money Laundering, Hears The Senate

Australian lawmakers are learning how home prices have been inflated by money laundering. The Senate committee investigating the adequacy of anti-money laundering laws continues this week. A piece tabled is a study showing how high-profile individuals with questionable cash should have set off alarms. Instead, they were able to move millions of dollars of unknown […]

This Week’s Top Stories: Canadian Real Estate Has A Money Laundering Problem, and An Ineffective Affordability Plan

Time for your cheat sheet on this week’s most important stories.  Canadian Real Estate Canada’s Largest Source Of Money Laundered Funds For Real Estate Is… Canadians Dirty money from Canada is the biggest source of cash laundered through real estate. Global Financial Integrity (GFI) conducted a study, and found US$626.3 million ($822.7 million) of real […]