The Canary In Canada’s Real Estate Mine Just Died: Toronto’s Urbancorp Files For Bankruptcy

Saturday, April 23, 2016
By Paul Martin

by Tyler Durden

With the Urbancorp bankruptcy filing, and the first official canary death in Canada’s real estate “coal mine”, we anticipate that the near future for Canada’s real estate sector will be a far more volatile one. Excluding Vancouver of course: that particular Chinese money laundering hub will continue humming until the locals finally decide they have had enough of having their city sold to criminal Chinese oligarchs.

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