2 ms·
> I've read that lots of foreign investors are buying homes in cash, over market rate, and then letting them sit vacant. This is used to launder illegally acq
by 908B64B197 6y ago
> I've read that lots of foreign investors are buying homes in cash, over market rate, and then letting them sit vacant.
This is used to launder illegally acquired assets that are brought in the country. Then as a bootstrap toward acquiring western passports.
> If Canada's laws don't discourage this
It encourages it. Out of control immigration quotas as well as lax regulations regarding birth tourism and a liberal-party friendly immigrant base has made it a no brainer for the current party to keep the bubble expanding.