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Articles on Real estate

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Vancouver has become a money-laundering haven. Can a public inquiry find solutions? Mike Benna/Unsplash

Why money laundering thrives on Canada’s West Coast

A public inquiry into money laundering underway in British Columbia holds out hope for reform, but the problems run deep.
Independent bookstores are places where culture is collected and disseminated. The gentrification of city centres makes their existence increasingly precarious. Kévin Langlais on Unsplash, CC BY-NC

When capitalism kills culture: Gentrified real estate puts squeeze on indie bookstores

The demands of gentrification in some neighbourhoods are proving deadly for some independent businesses, including local bookstores, often forcing them to close.
New York has become a ‘city for the rich’ in recent decades, a shift in its real estate market that impacts policy-making, too. Alessandro Colle / Shutterstock

New York’s new rental protections won’t end the outsize influence of big developers who pay the city’s bills

New York City’s municipal budget relies heavily on the property taxes of extremely high-value real estate. That drives gentrification and distorts local policy in other ways that hurt residents.

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