Stephen Punwasi
| Stephen Punwasi | |
|---|---|
 Stephen Punwasi Cropped.jpg | |
| Born | |
| 🏳️ Citizenship | Canadian |
| 🎓 Alma mater | University of Toronto |
| 💼 Occupation | Journalist, Analyst, Media Executive |
| 👔 Employer | Better Dwelling, Filmic Entertainment |
| Notable work | Better Dwelling |
| Title | Chief Data Analyst, Chief Operating Officer |
| 🌐 Website | stephenpunwasi.com |
Stephen Punwasi is a Canadian journalist and prominent financial analyst.[1] He is best known for being the co-founder of Better Dwelling and playing a role in exposing the extent of money laundering in Canada.[2] Thomson Reuters has named him one of the top influencers in finance and risk.[3] In September, he announced he would be seeking office in the 2022 Toronto mayoral election.[4]
Early career[edit]
Stephen Punwasi previously worked as a mass market apparel designer.[5] He later founded the children’s education app Perchbox, to address the gap between US state curriculum and Common Core education standards.[6]
Journalism and Academic Research[edit]
Housing
Punwasi is the co-founder of Canada’s largest independent real estate news service, Better Dwelling.[7] The Globe and Mail called his housing insights a “must read,"[8] and is known for applying behavioral finance theory to housing.[9]
Global Capital Flows and Asset Bubbles
His research on the relationship between capital flows and asset bubbles has been the subject of several academic works. In particular, the relationship between foreign capital and CDOs prior to the Great Recession, and the subsequent flow directly into housing in the current global housing bubble.[10]
Capital controls and inefficient allocation of capital is a frequent subject of his works. He argues it doesn’t keep Capital in, but forces it to find an inefficient but effective way to move it out.[11] One method is laundering money through real estate, which had been the subject of the evidence provided at the public inquiry.[12]
Anti-Money Laundering
Punwasi made notable contributions to revealing the extent of Canada’s money laundering problem. His research is thanked in the Government of British Columbia Dirty Money (report), a precursor to the Cullen Commission, a public inquiry into money laundering.[13] The inquiry was also presented a separate report from Punwasi explaining the impact of money laundering on residential real estate prices.[12]
He is also known for working with Transparency International Canada to reveal that billions in funds are laundered through Canadian real estate annually.[14]
Canadian Inflation
In March 2022, Punwasi was called before Canadian Parliament’s finance committee as an expert to testify on the causes of elevated inflation.[15]
References[edit]
- ↑ "Douglas Todd: Real-estate spin torques the reality of home sales in a COVID-19 world". vancouversun.com. Retrieved 2022-03-29.
- ↑ "Pierre Poilievre is courting millennials with a new kind of populism. Here's what Bitcoin has to do with it | The Star". www.thestar.com. Retrieved 2022-04-16.
- ↑ "Meet Canada's top 40 social influencers in finance, innovation and risk | Inside Financial & Risk". blogs.thomsonreuters.com. 2017-12-24. Archived from the original on 2017-12-24. Retrieved 2022-03-31.
- ↑ "Runners and riders: Toronto mayor candidates, policy positions and background - Toronto | Globalnews.ca". globalnews.ca. Retrieved 2022-09-10.
- ↑ Dawkins, Jennifer Ortakales. "So you think AOC's $58 sweatshirt is too expensive? Here's how brands should explain pricing so customers are willing to shell out the hard-earned cash". Business Insider. Retrieved 2022-03-29.
- ↑ "States Ditch Common Core Name But Keep Common Core Ideas | ThinkProgress". Think Progress. 2016-01-01. Archived from the original on 2017-06-06. Retrieved 2022-03-31.
- ↑ Maddeaux, Sabrina (2021-10-28). "Sabrina Maddeaux: Facebook, Twitter are silencing China critics and it is corrosive to our democracy". National Post. Retrieved 2022-03-31.
- ↑ Carrick, Rob. "A few cities where cheap housing meets quality of life. So, when are you moving to Moncton?". The Globe and Mail. Retrieved 2022-03-31.
- ↑ "Brilliant Nerd Stephen Punwasi: 'Home Prices Are Rising As More Supply Is Built. That's How It Works'". Livable California. 2021-05-15. Retrieved 2022-04-16.
- ↑ Enders, Zeno; Hakenes, Hendrik (2021-10-01). "Market Depth, Leverage, and Speculative Bubbles". Journal of the European Economic Association. 19 (5): 2577–2621. doi:10.1093/jeea/jvab008. ISSN 1542-4766.
- ↑ Cooper, James (2021-10-01). "Games Without Frontiers: The Increasing Importance of Intellectual Property Rights in the People's Republic of China". Wake Forest J. Bus. & Intell. Prop. L. 22 (1): 43.
- ↑ 12.0 12.1 "Overview Report: Lower Mainland Housing Prices" (PDF). Cullen Commission of Inquiry into Money Laundering in BC. Retrieved April 1, 2022.
- ↑ German, Peter (March 31, 2019). "DIRTY MONEY – PART 2: Turning the Tide - An Independent Review of Money Laundering in B.C. Real Estate, Luxury Vehicle Sales & Horse Racing" (PDF). Government of British Columbia.
- ↑ "Billions in Unknown Funds Flow Through Toronto Real Estate, Shows New TI Canada's Report". Transparency International Canada. Retrieved 2022-03-31.
- ↑ "Notice of Meeting - FINA (44-1) - No. 33 - House of Commons of Canada". www.ourcommons.ca. Retrieved 2022-03-29.
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