- Urban 411
- Posts
- Trump’s Fortunes in Canadian Real Estate
Trump’s Fortunes in Canadian Real Estate
Trump’s real estate roots in Canada, $380K in home taxes, and a wild mortgage fraud scandal—plus what’s next for the 2025 housing market.
Today, we’re covering
🏦 How Trump's Grandfather Built His Empire in Canada
💸 Fake Chinese Income Mortgages Fuel Toronto’s Housing Bubble
🫨 Homebuyers Paying $380K in Taxes on New Builds
🔮 2025 Housing Market Outlook by Province
🤔 WTF of The Week
Read Time: 4 minutes
🏦 How Trump's Grandfather Built His Empire in Canada
Donald Trump’s grandfather’s success in Canada helped lay the foundation for the Trump family’s real estate empire in the United States.
Friedrich Trump, Donald Trump’s grandfather, built his fortune during the Klondike Gold Rush in Canada’s Yukon in the late 1800s.
Instead of mining for gold, he made money by operating hotels and restaurants that catered to miners, including the Arctic Restaurant & Hotel in Bennett, BC.
His business moved to Whitehorse, Yukon, down the Yukon River, capitalizing on the town’s growing economy.
The establishments had a reputation for hosting gambling and prostitution, contributing to the Trump family’s early wealth.
When Whitehorse became the capital, Friedrich’s real estate ventures helped him amass a small fortune, which he later used to invest in U.S. real estate.
Friedrich Trump’s first business venture in Canada was the Arctic Restaurant & Hotel in Bennett, British Columbia.