Inquiry shows cash flowing in from Asian investors has not resulted in house prices tripling over two decades
British Columbia is a magnet for money laundering, and Canada’s lax regulations are allowing billions of dollars to illegally flow into the province, say the findings of a three-year public inquiry.
The inquiry found that such concentration of activity has had an extraordinary impact on the BC economy – but that its influence on the housing market – the original motive for the investigation – has been overstated.
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