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Daily Archives: July 26, 2016
Hillary Clinton’s war on Wall Street?
I am skeptical in general of both parties and their commitment to make needed reforms to status quo rules. Talk is cheap and lobbyists and big business money runs deep. More than 40 years in politics, the Clintons have a … Continue reading
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Ontario needs to enact foreigner buyer tax too
B.C.’s government surprised many observers on Monday by announcing an additional 15 per cent property transfer tax on foreign homebuyers. BMO Capital Markets Chief Economist Doug Porter called the move “entirely justified” amid persistent double-digit home-price gains in the province. … Continue reading
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Money laundering flows into Canadian real estate
Vancouver and Toronto have been first in line in Canada for international flows hiding from their home governments. But over-valuations, reckless leverage and financial risk have now spread well beyond these two centers, weakening Canadian households, the economy and our … Continue reading
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