Top Stories

This Week’s Top Stories: Canadian Real Estate’s Laundering Problem and Population Growth Won’t Protect Prices

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Has A Money Laundering and Fraud Problem: Intelligence Report Canadian real estate is an excellent tool for money laundering, according to CISC. The Canadian intelligence agency published a report on how organized crime launders. They found organized crime engaged […]

Canada Toronto

Toronto Real Estate Construction Grinds To A Halt As Union Battles Over Inflation

North America’s busiest construction hole is seeing work grind to a halt this week. LiUNA Union Local 183‘s residential construction members voted to strike last night. The local represents a significant share of Greater Toronto’s residential tradespeople. As cost of living talks broke down, the union’s members entered a legal strike position. North America’s Largest […]

Canada Toronto

Greater Toronto Real Estate Development Files Insolvency After Inflation Squeeze

Canadian real estate developers are being squeezed by inflation, and it’s turning ugly. The Hazleton Development Corporation obtained Companies’ Creditor Arrangement Act (CCAA) protection on April 20, 2022. The developer cited rising costs as one of the primary issues putting a 265-home project at completion risk. In this particular case, costs rose less than typical […]