A former Calgary realtor who acknowledged running a Ponzi scheme that defrauded dozens of people out of more than $3.5 million has been banned for life from working in Alberta’s real estate industry. The Calgary Herald reports Eric Drinkwater received his permanent...
A California man was sentenced to eight years in prison for coordinating real estate scam in Belize that defrauded hundreds of victims out of approximately $77 million. Newport Beach-based Andris Pukke, who also went by the aliases Marc Romeo and Andy Storm,...
Corcoran Group LLC has expanded its global presence with the launch of Corcoran Fischer Properties, the brand’s first franchise in Germany. The new franchise is based in Frankfurt and led by founder and Managing Director Moritz Fischer, who was previously an...
Keller Williams Realty LLC (KW) has expanded its European presence with the awarding of a new master franchise in Hungary. Led by Regional Operating Principal Akos Megyeri, a former US Army officer who has been active in the Hungarian real estate industry for more...
The Bank of Canada has announced a new slate of rate cuts. The nation’s central bank reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. With this announcement, the Bank of Canada noted the...
Housing starts mostly were down 16% in Canada during August, with a total of 245,791 units compared to July’s total of 293,537 units. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 10% year-over-year in centers...
