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Investors to Receive $2.1 Million of the $33 Million Lost in Real Estate Fraud

Investors to Receive $2.1 Million of the $33 Million Lost in Real Estate Fraud

by Phil Hall | Jun 28, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The British Columbia Securities Commission (BCSC) announced it is returning $2.1 million to investors who were defrauded in a real estate investment scheme that drained $33 million from its victims. In 2016, the BCSC found sisters Siu Mui “Debbie” Wong and Siu Kon...
Tuscany Offers People Up to $32K to Move There

Tuscany Offers People Up to $32K to Move There

by Phil Hall | Jun 27, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Italy’s Tuscany region is offering cash incentives for people to move into its underpopulated rural towns and villages. USA Today reported the new initiative “Residenzialità in Montagna 2024” – which translates to “Residentiality in the Mountains 2024” – will offer...
Parkour Team Damaged Italian Historic Building for Online Video Stunt

Parkour Team Damaged Italian Historic Building for Online Video Stunt

by Phil Hall | Jun 25, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A group of parkour acrobats with a large social media following have come under criticism for damaging a historic building in the Italian city of Matera during an online video stunt. According to combined media reports, the London-based Team Phat have attracted...
Canadian Realtor Fined $3,000 for Anti-Transgender Social Media Posts

Canadian Realtor Fined $3,000 for Anti-Transgender Social Media Posts

by Phil Hall | Jun 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s Saskatchewan Real Estate Commission has fined a Saskatoon realtor $3,000 and issued an official reprimand for making hostile comments about transgender people on social media. According to a CBC report, Murray Kurtenbach of Century 21 Fusion published posts...
Nesto Acquires CMLS Group, Creating Canada’s Largest Tech-Enabled Lender

Nesto Acquires CMLS Group, Creating Canada’s Largest Tech-Enabled Lender

by Phil Hall | Jun 21, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Montreal-headquartered Nesto has acquired CMLS Group, Canada’s third-largest mortgage finance company. The financial terms of the deal were not disclosed, although the companies stated the transaction was supported by investments from Diagram Ventures, Portage,...
Switzerland Cuts Interest Rates for Second Time, UK Holds Rates Steady

Switzerland Cuts Interest Rates for Second Time, UK Holds Rates Steady

by Phil Hall | Jun 20, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Switzerland’s central bank enacted its second interest rate cut of the year while the Bank of England opted to hold rates at their current level. The Swiss National Bank slashed its key interest rate by 25 basis points to 1.25%. In March, Switzerland became the first...
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