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Now that BC is cracking down on the money laundering in Vancouver, the exact same story is playing out in Toronto and to a smaller extent, Montreal. Canadian ci
by stuxnet79 8y ago
Now that BC is cracking down on the money laundering in Vancouver, the exact same story is playing out in Toronto and to a smaller extent, Montreal. Canadian cities have been hard hit generally speaking, because it's a lot harder to do this kind of shady stuff in American cities. Also Canadian dollar is cheap.
- superseeplus 8y agoIt does happen in American cities too. Many of the very expensive apartments on Billionaires Row were bought by rich foreigners trying to park or launder money.
- pm24601 8y agoNot true (sadly). NYC, Miami, SF, etc. have a big problem with shell corporations using real estate to do money laundering.