This is Patrick’s bio
Development Fees Are a Distraction. Here's What Actually Drives Housing Costs. The Bank of Canada's policy rate sits at 3.75%. A developer financing a mid-rise project in Mississauga pays that rate plus at least 200 basis points. That's 5.75% on a
Canada entered a technical recession in early 2026. Two consecutive quarters of negative GDP growth. The Bank of Canada holds its overnight rate near 4%, balancing recessionary pressure against trade-induced inflation. Over $3.5 billion in goods crosses the U.S. border daily, and roughly 70% of Canadian exports
Three straight months of rising sales in Toronto sounds like recovery. Buyers are returning. Confidence is rebuilding. The housing correction might be behind us. That framing is true, and it misses the sharper dynamic underneath. The GTA market isn't recovering uniformly. It's splitting. The City of
You arrive with references. A solid work history. Maybe a mortgage you paid down over a decade. None of it exists here. Canada's credit bureaus—Equifax and TransUnion—treat foreign financial behavior like it happened on another planet. A spotless 15-year record in Mumbai or Lagos translates
The fund was always a bad bet. $1.8 billion allocated, zero dollars distributed, and now the entire apparatus scrapped before a single check cleared. The Trump administration's plan to compensate political allies who claimed they were targeted by the IRS collapsed this week, not because the grievances
When Canada recorded two consecutive quarters of negative GDP growth through the first half of 2026, Prime Minister Mark Carney reached for a specific phrase: "uneven data." The phrasing is deliberate. It is not the language of someone surprised by the numbers. It is the language of someone
Robinhood closed its acquisition of WonderFi Technologies last week, which means zero-commission stock trading has arrived in Canada with actual marketing dollars behind it. For years, the Canadian brokerage landscape was effectively a duopoly: the Big Six bank platforms charging $9.99 per trade, and Wealthsimple running the only
Most mortgage agents sell you a rate. Diane Gogar sells a different idea entirely: the debt sitting on your house should be working for you, not the other way around. She has been making this case for 15 years, and it has earned her something unusual in an industry dominated
Canada's six largest banks reported weaker top-line results for the second quarter of 2026, but the story isn't what the revenue drop suggests. Net income fell across the board. So did expenses. And for the first time in several quarters, provisions for credit losses — the
The clinic in Petare stayed open for seventeen years. Then the Cuban doctors left, the doors locked, and 40,000 residents lost their only walkable point of care. This is what happens when sanctions target one government but hit the healthcare infrastructure of another. The U.S. Treasury's
The ratification vote came back with 82% approval. Not 52%, not even 65%. Eighty-two percent of roughly 55,000 Canada Post workers—urban carriers, rural and suburban mail carriers, depot staff—chose to take the deal. That kind of margin, in a union that size, is rare enough to
Canada beat Uzbekistan 2-0 on Monday in Edmonton, and the scoreline matters less than how they got there. This wasn't a showcase friendly against undermanned opposition. Uzbekistan sits 61st in FIFA's rankings, twelve spots behind Canada, and came to Commonwealth Stadium as a legitimate test