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Olduvai III: Catacylsm
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Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans

Canada’s Mortgage Lenders Have Set Aside a Record Amount for Bad Loans It’s odd to see it occur while almost every market reports record home sales.  Canada’s real estate markets are booming, but lenders are preparing for mortgage losses. Bank of Canada (BoC) data shows the allowance for credit losses due to mortgages reached a record high […]

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Behind Vancouver’s Housing Bubble: How Canadian Casinos Are Use To Launder Millions In Chinese Drug Money

Behind Vancouver’s Housing Bubble: How Canadian Casinos Are Use To Launder Millions In Chinese Drug Money Nearly two years after we first observed that Vancouver‘s soaring real estate market is nothing but a bubbling melange of criminal Chinese oligarch “hot money”, desperate to get parked offshore in any piece of real estate, but mostly in […]

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Toronto’s land transfer tax revenue is booming, but the cupboard’s still bare

Toronto’s land transfer tax revenue is booming, but the cupboard’s still bare ‘The message to Toronto is, ‘Don’t spend it all,’ economist says Toronto’s red-hot real estate market has sent municipal land transfer tax revenues soaring. But the city’s spending all that money, not saving it. (Sean Kilpatrick/Canadian Press) In times of plenty, it can […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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