Tuesday, June 7, 2016

Ike Awgu: Money Laundering Is Inflating Canadian Real Estate Prices

A money launderer and wealthy entrepreneur from abroad may both be considered "Foreign Investors" with similarly disparate outcomes. A great deal of the former (money launderers) are infiltrating a porous Canadian financial system to purchase real estate in Vancouver and Toronto and have contributed to the out of control housing prices in both cities.

Read more: Real Estate, Vancouver Housing, Toronto Housing Market, Toronto Housing Sales, Money Laundering, Blog, Canada Business News



Original Article Seen: http://www.huffingtonpost.ca/ike-awgu/canadian-real-estate-foreign-buyers_b_10329000.html

No comments:

Post a Comment