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Apparently there is a lot of this in the Vancouver market in BC, Canada: > In their review of the sector, the Expert Panel estimated that more than $7 billion

Apparently there is a lot of this in the Vancouver market in BC, Canada: > In their review of the sector, the Expert Panel estimated that more than $7 billion in dirty money was laundered in B.C. in 2018, and between $800 million and $5.3 billion was laundered through the real estate market, raising housing prices by an estimated 5%. https://www2.gov.bc.ca/gov/content/housing-tenancy/real-estate-bc/consultations/money-laundering https://www2.gov.bc.ca/gov/content/housing-tenancy/real-esta...

glonq 3y ago
At least 5%. Even though the laundering has "supposedly" (cough cough) stopped here in Vancouver, the momentum it created likely still carries on.
tenpies 3y ago
Canada's utopian conditions for most types of crime are something of an open secret. Most of these crimes then rely on Canada's national industry - money laundering - to clean the money or move it out of the country. Anyone interested in the tip of the iceberg should read Wilful Blindness by Sam Cooper. And that's relatively old. And mostly just the CCP's part. You still have a rich diaspora of organized crime operating in virtually every corner and geography of Canada, including First Nations, some of which are conveniently located in just the right places to facilitate smuggling of all things between the US and Canada. And the absoltue best part? It's almost guaranteed that this involves even the Prime Minister's Office. Or at least it seems very clear Trudeau has something to hide due to his absolutely willingness to sacrifice all things in order to avoid a public inquiry into CCP election interference.
- icantbebothered 3y ago
  > read Wilful Blindness by Sam Cooper All Canadians should read it. It should be part of the high school curriculum.
- petre 3y ago
  Maybe it's no coincidence that Tse Chi Lop, the alledged leader of the Sam Gor crime syndicate is Canadian Chinese.
- snapplebobapple 3y ago
  Hey now, there is still a part of Canada that makes an honest living (at least until the feds finish destroying the oil industry) money laundering is more an eastern and west coast pass time

glonq 3y ago

At least 5%. Even though the laundering has "supposedly" (cough cough) stopped here in Vancouver, the momentum it created likely still carries on.

tenpies 3y ago

Canada's utopian conditions for most types of crime are something of an open secret. Most of these crimes then rely on Canada's national industry - money laundering - to clean the money or move it out of the country. Anyone interested in the tip of the iceberg should read Wilful Blindness by Sam Cooper. And that's relatively old. And mostly just the CCP's part. You still have a rich diaspora of organized crime operating in virtually every corner and geography of Canada, including First Nations, some of which are conveniently located in just the right places to facilitate smuggling of all things between the US and Canada. And the absoltue best part? It's almost guaranteed that this involves even the Prime Minister's Office. Or at least it seems very clear Trudeau has something to hide due to his absolutely willingness to sacrifice all things in order to avoid a public inquiry into CCP election interference.

icantbebothered 3y ago
> read Wilful Blindness by Sam Cooper All Canadians should read it. It should be part of the high school curriculum.
petre 3y ago
Maybe it's no coincidence that Tse Chi Lop, the alledged leader of the Sam Gor crime syndicate is Canadian Chinese.
snapplebobapple 3y ago
Hey now, there is still a part of Canada that makes an honest living (at least until the feds finish destroying the oil industry) money laundering is more an eastern and west coast pass time