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Building Permits Plunge, Wire Fraud Risk Rises
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Overview
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Canadian building permits value plunges by 14.0% in December, primarily due to a decrease in multi-unit construction. Meanwhile, the real estate sector faces a significant risk of wire fraud, with one in ten Americans targeted and one in twenty experiencing losses, underscoring the need for enhanced security measures and consumer awareness.
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How can governments and industry stakeholders collaborate to safeguard consumers and combat wire fraud in the real estate industry?
How might the decline in building permits affect the construction industry and the overall economy in Canada?
What measures can be taken to raise awareness and protect consumers from wire fraud in the real estate sector?
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