Money laundering in Canadian real estate is a widely accepted fact of life these days, but the impact isn’t.
How do they measure up against the most splendid housing bubbles in the USA? Oops!
Market for houses freezes up. House & condo prices drop. High end hit the hardest.
Looking to launder some cash?
How do they stack up against the most splendid housing bubble in America? Holy cow!
And where do Chinese consumers fit in?
Trade goes out-of-whack as Corporate America searches for cheap labor & tax benefits.
Another Global Financial Crisis, with China at the Epicenter?
A litany of problems, from too much debt to deflating housing bubbles in Vancouver and Toronto.
Average home price fell for first time since 2008, largest decline in the data going back to 2001.