Real estate reckoning 🏠 — The feds are doubling down on Superclusters. Blackstone won’t be buying your house, but other investors might… The CRA is struggling to get some companies to pay their taxes.

The federal government is “doubling down” on its supercluster innovation program, slapping on a fresh coat of paint and publicly reasserting its importance in driving Canadian innovation. Asset management behemoth Blackstone made it clear it has no interest in investing in single-family homes as part of its expansion into Canadian real estate, but the same can’t be said for other big investors. If you’re upset your buddy that still owes you $100 for dinner, imagine how the Government of Canada feels about losing out on $23.4 billion in uncollected taxes—that’s how much the Canada Revenue Agency says people and businesses are underpaying to the feds every year.