While house prices are soaring, so is unemployment. What can we make up of such a scenario? Can we assume real estate market has nothing to do with economy in reality? Else, how do you explain house prices still going up when more and more people are getting unemployed? On the rise in Hamilton: housing prices & […]
Canadian Real Estate: Hate It Or Love It
So said Motley Fool, which is not a fool, not even remotely close … It is an intelligent investment portal in disguise: – Canadian Real Estate Is Getting Irrational The Motley Fool Canada – Jul 14, 2016 The Economist recently reported that Canada’s housing prices are 35% overvalued when compared to Canadian incomes. Canadian real estate prices to […]
Real Estate Development Roundup
Real estate development is big. So big it is now the #1 economy driver for growth … Unprecedented in Canadian history. How Canada’s hot housing market is propping up GDP growth bnn.ca – Jun 30, 2016 The real estate and rental category measured as part of Canada’s GDP represents the output of real estate agents, brokers, […]
Real estate lawyers are immuned to prosecution?
Why do Ontario lawyers who steal rarely go to jail? They treat client trust accounts as their personal piggy banks, facilitate multi-million-dollar frauds and drain retirement savings of the elderly. So are corruptions among city officials and developers with deep pockets? No. We have no clue in this respect, merely asking a question of public interest. […]
Fighting Mortgage Fraud
By Karen Beattie, NEXSYS Financial Mortgage fraud in Canada has increased by a staggering 50% in recent years, according to Equifax. While accounting for only 13% of attempted frauds in 2011, mortgage fraud was responsible for two-thirds, or $400 million, of the estimated dollar amount of financial fraud in Canada. According to John Russo, Vice President […]
Every Condo Is Potentially A Fraud
Are you a condo owner ? Check this out … Toronto condo fraud: Silent embezzlement The story of Manzoor Khan — the president of Channel Property Management who allegedly borrowed an estimated $20 million against his buildings and fled the country in 2011—was told in a shocking Toronto Star investigation. Khan was also accused of […]