A whistleblower at HSBC has exposed mortgage income fraud, perhaps inflating Vancouver and Toronto Real Estate markets. Meanwhile the federal government has extended the foreign buyer ban until 2027. There's just one problem, this doesn't capture the wealth of foreign riches entering the country and bidding up real estate as a safe haven asset. The city of Toronto now wants their own foreign buyers tax. Chinese corporations are not repatriating capital from foreign countries in order to pay down debts in China.

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