Angry Mortgage SPECIAL GUEST: Ben Rabidoux | EP. 127
Jun 24, 2025
Ben Rabidoux, a Macro Real Estate expert and founder of Edge Realty Analytics, dives into critical issues in Canada's real estate landscape. He discusses white-collar crime in real estate and the wake-up calls surrounding the condo crash. Rabidoux also tackles pressing questions on population growth, rental market trends, and the looming impact of blanket mortgages. With insight into immigration policies and the need for tighter financial regulations, he highlights where accountability is sorely lacking in the current market.
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Fortress Real Development Fraud Exposed
- Fortress Real Development raised $925 million from retail investors with huge losses and shady practices.
- Ben Rabidoux exposed their fraudulent referral fees and misleading advertising decades before legal action.
Regulator Failure in Fraud Case
- Mortgage regulator FSC failed to act despite repeated warnings about Fortress fraud.
- They were overwhelmed and were manipulated by Fortress bringing in lawyers and loads of files to meetings.
Fortress Victims' Tragic Tale
- An injured elderly couple lost their life savings investing in Fortress due to language barriers and deceptive advisors.
- Their tragic story highlights the devastating impact on vulnerable investors.