British Columbia has a massive real estate money laundering problem: report

British Columbia, home to Vancouver’s hot real estate market, has a rampant money laundering problem, and it centers on real estate. More than $5 billion — C$7 billion — was laundered in the Canadian province, with around $3.7 billion of that — C$5 billion — funneled through real estate, according Bloomberg, citing a provincial government report. Rampant real estate money laundering may have tipped the scale in a region where housing prices climbed over 70% […]

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