Ben Rabidoux @BenRabidoux
Canadian housing/macro/credit...occasionally tweets about fishing. Founder of North Cove Advisors and @EdgeREAnalytics. DMs open. Equal opportunity blocker. edgeanalytics.ca Ontario, Canada Joined October 2010-
Tweets18K
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Followers37K
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Following2K
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Likes13K
Sad point from an urban planner: From 2010 - 2020 the Ontario planning act has doubled in size. So has the approval time to 32 months on avg. In that period Toronto has decreased to the slowest approval times in the Canada & 36th out of 38 developed nations We need change
I really wish the federal Liberals had taken a play out of the Conservative playbook and instituted an outcomes-based funding model for housing. Municipalities still have too many tools to block new development.
I really wish the federal Liberals had taken a play out of the Conservative playbook and instituted an outcomes-based funding model for housing. Municipalities still have too many tools to block new development.
How China is interfering in our elections and democracy. This weeks Loonie Hour exposes the corruption with @scoopercooper open.spotify.com/episode/2VTToq…
In the US, you actually get charged for falsifying a principal residence - probably the most common type of mortgage fraud in Canada. “DOJ charges one of America's top LOs in alleged mortgage fraud scheme” housingwire.com/articles/doj-c…
Big jump in reported food insecurity in Canada in 2022 www150.statcan.gc.ca/t1/tbl1/en/cv.… More capital gains taxes and "excess profits" tax on grocers should fix this, right?
Even the Toronto Sun knows that blanket appraisals are happening and banks are fudging LTVs on new condo loans. torontosun.com/life/homes/com… @OSFICanada, any comment?
Even the Toronto Sun knows that blanket appraisals are happening and banks are fudging LTVs on new condo loans. torontosun.com/life/homes/com… @OSFICanada, any comment? https://t.co/S7sqegawQA
If Canada were serious about curbing mortgage fraud, we would have real consequences for those involved. Imagine getting 20 months for this little bit of "salt and pepper" justice.gov/usao-nj/pr/ess…
Good read on abuses in Labour Market Impact Assessments--> Bribes, fake jobs and the 'desperate' situation facing Canada's temporary residents thestar.com/news/canada/br… via @TorontoStar
Rates update from the folks at @WOWA_Canada. Lowest 5-yr fixed rates ticking down in spite of bond yields at 5-month highs.
Rates update from the folks at @WOWA_Canada. Lowest 5-yr fixed rates ticking down in spite of bond yields at 5-month highs.
Amazing thread of recent RECO disciplinary actions against realtor/broker members. Lots of blatant fraud with only token monetary sanctions. Realtors need to be pushing their industry harder on this stuff. It sullies the reputation all in the industry including the good operators
Amazing thread of recent RECO disciplinary actions against realtor/broker members. Lots of blatant fraud with only token monetary sanctions. Realtors need to be pushing their industry harder on this stuff. It sullies the reputation all in the industry including the good operators
🇨🇦’s financial intel agency was hacked on March 2. 🇨🇦 said nothing was lost. … but 2 months later, some systems are still down—such as digital reporting of large casino transactions. Problem or nah? 🤔
🇨🇦’s financial intel agency was hacked on March 2. 🇨🇦 said nothing was lost. … but 2 months later, some systems are still down—such as digital reporting of large casino transactions. Problem or nah? 🤔
Money laundering in 🇨🇦 is a five alarm fire right now and we have all of 545 ppl at FINTRAC. The agency is toothless 2x as many work @ Library/Archives Canada and more in Atlantic Opportunities Agency than at FINTRAC. No offense to Atlantic Canada, but you know... #Priorities
Can’t believe US regulators scuttled @TD_Canada’s acquisition of First Horizon over AML concerns. Seems fine to me.
Can’t believe US regulators scuttled @TD_Canada’s acquisition of First Horizon over AML concerns. Seems fine to me.
“For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.” — Churchill
@BenRabidoux @AlderLaneEggs @scoopercooper @cduhaime @ElCuerv53969182 Two massive money laundering cases in BC were also dropped a few years ago due to police incompetence. Police in Canada are good at policing traffic infractions but terrible at financial crime.
Money laundering, not ice hockey, is Canada's true national sport. This is CRAZY! RY and TD involved Charges dropped after cops fked up and listened to calls between defendants and lawyers 🤦♂️ You cant make this up cc @AlderLaneEggs @scoopercooper @cduhaime ht @ElCuerv53969182
Money laundering, not ice hockey, is Canada's true national sport. This is CRAZY! RY and TD involved Charges dropped after cops fked up and listened to calls between defendants and lawyers 🤦♂️ You cant make this up cc @AlderLaneEggs @scoopercooper @cduhaime ht @ElCuerv53969182
Sketchy "salt and pepper" mortgage brokers reading this story like
Sketchy "salt and pepper" mortgage brokers reading this story like https://t.co/CufZZtwG1S
Will absolutely throw in for a GoFundMe to help cover legals. What absolute bullshit! Fk MNP if they do this
Will absolutely throw in for a GoFundMe to help cover legals. What absolute bullshit! Fk MNP if they do this
Ron Butler @ronmortgageguy
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83K Followers 918 Following Author of STREET FREAK, ALL THE EVIL OF THIS WORLD, THOSE BASTARDS, NO WORRIES, and NIGHT MOVES (coming soon). Writer, investor, electronic music curator. MFA.On the streets of Vancouver more chants from a crowd of protestors yelling “long live October 7!” A chant led by a senior member of 🇨🇦 not-for-profit Samidoun — a group with connections to the terror organization PFLP and a group we’ve continually raised concerns over. The…
@Dark_K0RE_CanuK @islandlife71 @PierrePoilievre Please do you nameless faceless woke twitter coward. Your threats are weak just like you. What’s your real name?
This is disgusting. Shouldn’t be tolerated. Not only are the “protesters” outside the home of Trudeau’s Justice Minister Arif Virani, they appear to be on his property.
I really wish the federal Liberals had taken a play out of the Conservative playbook and instituted an outcomes-based funding model for housing. Municipalities still have too many tools to block new development.
The Liberals sent $471 Million to Toronto gatekeepers - and they still block housing. Paying for promises is not going to work. Conservatives will get more homes built by rewarding real results. #cdnpoli
Gee, who would have thought open drug use would lead to societal issues. 😂😂😂
#BREAKING: The B.C. government says it will ban drug use in all public spaces, including parks and hospitals, as part of a major overhaul of its drug decriminalization pilot project. trib.al/WSPWiZ5
@MichaelAArouet As always clean energy transition without plans for nuclear expansion is a pipe dream.
These missing 20% to 30% of German nuclear power are covered by coal power plants today. If someone really cared about environment, would one close nuclear or coal power plants first?
What happens when you dump the status quo and finally be brave enough to try something different ⬇️⬇️⬇️
Well what do you know… the Argentine Peso went from worthless to the best performing currency in the last 3 months!! 😱
There’s a famine. Let’s tax fruit. - Province of Ontario The province of Ontario proposed a massive change that will dramatically increase the cost to build housing. Five-year phase in of increased development charges introduced in Bill 23 revoked. $6,544 per each…
Bulk of antisemitism is right wing? 😂😂😂 Slama Jama Ding Dong here says hold my beer. 😂😂😂 #cdnpoli #onpoli
Someone needs a safe space and comfort dog right about now. @David_Moscrop
@BenRabidoux In Canada, the mortgage fraud is a feature not a bug.
@BenRabidoux I'm sure it's gotten better in last 2 years...
@BenRabidoux He likely made more contacts in jail and enhanced his skills
[Ouch!] Mr. Poilievre’s office defended the Conservative Leader’s visit to the protest in a statement on Wednesday. “As a vocal opponent of Justin Trudeau’s punishing carbon tax which has driven up the cost of groceries, gas and heating, he made a brief, impromptu stop,”…
Update x.com/paulrubens/sta…
As a result of my viral tweet, the Associated Press changed its headline from something unbearably stupid and false (left) to something unbearably stupid and misleading (right).
Hamas: We demand a 100 percent Israeli withdrawal from the West Bank, a 100 percent Israeli withdrawal from half of Jerusalem – including the entire Old City and the Jewish, Christian, and Muslim holy sites – and a 100 percent "right of return" for five million Palestinians to…