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Building more supply may not work when you're dealing with hundreds of billions of dollars of money laundering from China In BC, we have at least $5B of money
by elchief 7y ago
Building more supply may not work when you're dealing with hundreds of billions of dollars of money laundering from China
In BC, we have at least $5B of money laundering in real estate per year, and an absurd number of empty apartments / houses. They will pay obscene amounts to park their money here
We added a vacancy tax and foreign buyer tax to combat this, which has helped to an extent