HOW GANGS USED VANCOUVER'S REAL ESTATE MARKET TO LAUNDER $5BN

THE CANADIAN CITY OF VANCOUVER HAD ONE OF THE HOTTEST REAL ESTATE MARKETS IN THE WORLD.

THIS REPRESENTS ABOUT 5 PERCENT OF REAL ESTATE TRANSACTIONS, AND THE PANEL ESTIMATED THESE PURCHASES

"You have to work your way back, and that's almost an impossible job to do," he told the BBC.

The Canadian city of Vancouver had one of the hottest real estate markets in the world. Is organised crime to blame? The bustling city on the western coast of Canada was known for its stunning views of the mountains and the...

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Article ID: 296804 Date: 12th May, 2019 Social Shares: 755
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B.C. TO INVESTIGATE HOW FENTANYL DEALERS' MONEY IS ALLEGEDLY LAUNDERED THROUGH REAL ESTATE


B.C.'s attorney general says the province will look into how fentanyl, real estate and money laundering fit together in British Columbia... READ MORE

17th February, 2018 2122

ANALYSIS | CANADA'S FIX TO THE OPIOID CRISIS: VENDING MACHINES THAT DISTRIBUTE PRESCRIPTION OPIOIDS TO ADDICTS


Death rates from drug overdoses in British Columbia are almost as high as those in the states hardest-hit by the opioid epidemic in the United States... READ MORE

24th January, 2018 947

WORLD'S BIGGEST REAL ESTATE BINGE IS COMING TO A CITY NEAR YOU


A frenetic gathering of brokers, developers and other real estate professionals all jockeying for the attention of Chinese buyers... READ MORE

14th November, 2016 5280

CHINAS 1 PERCENT FLOCK TO CANADA


VANCOUVER, British Columbia -- Andy Guo, an 18-year-old Chinese immigrant, loves driving his red Lamborghini Huracan... READ MORE

12th April, 2016 3654

VANCOUVER'S HOUSING-BUBBLE RISK UNMATCHED ON THE PLANET, SAYS SWISS BANK


It adds bubble risk is also high in Stockholm, Sydney, Munich and Hong Kong, while homes in Singapore, Boston, New York and Milan are fairly valued... READ MORE

28th September, 2016 2274

FOREIGN INVESTMENT IN VANCOUVER RESIDENTIAL REAL ESTATE PLUNGES AFTER NEW TAX INTRODUCED


But there has also been a bump in sales outside the Metro Vancouver region, where the tax does not apply, numbers have shown... READ MORE

22nd September, 2016 2237

FRUSTRATED BY REAL ESTATE BIDDING WARS? IN AUSTRALIA THE BIDS ARE TRANSPARENT


Australians have access to a lot more real estate data than we do in most parts of Canada... READ MORE

5th November, 2016 1628

AMERICANS, IT'S ACTUALLY QUITE HARD TO MOVE TO CANADA


OTTAWA -- For realtor Valarie Sampson, Donald Trump's surprise victory in the presidential election is great news... READ MORE

10th November, 2016 1623

AT LEAST 5 KILLED AFTER WHALE-WATCHING BOAT SINKS


With 27 people on board in the waters near Tofino British Columbia a popular vacation spot on the west coast of Vancouver Island... READ MORE

26th October, 2015 1531

TAX EXILE GUY HANDS LINKED TO SWEETS WAY ESTATE EVICTIONS


, which acquired Annington, one of the UK's largest private owners of residential property, now poised to bulldoze 142 homes on Sweets Way estate in north London... READ MORE

20th March, 2015 812

RICKY GERVAIS BACKS CANADA OFFICIAL WHO REFUSED TO KILL BEAR CUBS


Mary Polak, British Columbia environment minister, said an internal investigation was under way... READ MORE

9th July, 2015 654

WHEN FOREIGN BUYERS ABANDON CANADIAN HOUSING


As Siddall says, foreign speculative investment, sometimes called hot money, can definitely drive real estate prices up as it pushes its way into the market... READ MORE

12th November, 2015 560

NEW MORTGAGE RULE MIGHT 'TEMPER' HOT MARKETS, BUT NOT FOR LONG


Canadians who have built equity in their homes throughout the real estate boom of the last 15 years or so, though, would be on more stable ground... READ MORE

11th February, 2016 525

"THE REAL ESTATE SECTOR HAS HAD 10 YEARS TO GET IT RIGHT AND THEY HAVEN'T."


The real estate sector has had 10 years to get it right on self regulation and they haven't, said Clark at a Vancouver new conference... READ MORE

30th June, 2016 521

GOVERNMENTS TERRIFIED OF POPPING FOREIGN-BUYER HOUSING BUBBLE


And that may be just the way a lot of those who benefit from the real estate market want to keep it... READ MORE

16th May, 2016 463

HERE'S WHAT KIND OF HOME $508K GETS YOU IN B.C.'S LOWER MAINLAND


Take a look at what you can get in Vancouver, Surrey, Abbotsford, and Port Coquitlam... READ MORE

22nd May, 2016 428

CANADIAN WILDFIRES WREAK HAVOC AS HAZE SPREADS ACROSS REGION IN PICTURES


Wildfires raging across western Canada have spread haze over Vancouver and south into the US... READ MORE

7th July, 2015 278

CMHC SAYS MANY MAJOR HOUSING MARKETS SHOWING SIGNS OF OVERVALUATION


Four of those cities -- Toronto, Quebec City, Vancouver and Saskatoon -- now show strong signs of overvaluation... READ MORE

28th April, 2016 236

FOLLOWING IN HIS FATHERS FOOTSTEPS APRIL 19 2013


Justin Trudeau became the leader of the Liberal Party on Sunday 45 years and one week after his father Pierre Elliott Trudeau claimed a similar political victory... READ MORE

20th October, 2015 214

TAX LOOPHOLES COST CANADA BILLIONS IN LOST REVENUE


The money is funnelled into offshore tax havens and can be brought back to Canada tax free by multinationals based in Toronto, Vancouver and Calgary... READ MORE

17th June, 2016 196


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