> In real estate alone, an estimated $5 billion may have been laundered last year [2018] in the province — equivalent to 4.6 per cent of all transactions by val

> In real estate alone, an estimated $5 billion may have been laundered last year [2018] in the province — equivalent to 4.6 per cent of all transactions by value in that period, according to one of the reports. > In the Vancouver region, where housing prices rose more than 70 per cent in five years, “I certainly believe that money laundering played a part,” James said. > Such a share of transactions is “sufficiently large to have an observable impact on real estate prices,” the report said. > It estimated that dirty money pushed B.C. home prices 3.7 per cent to 7.5 per cent higher than they would be in the absence of laundering.