Not only are drug traffickers and other criminals enabled, and needed tax revenues avoided, but investigators confirm that money laundering flows have been a significant factor driving up the price of real estate and related services (and thus the debt for Canadian households), as well as auto sales and luxury products, far beyond the means of most Canadians. This is lose, lose for Canada–completely counterproductive, and it’s not just a problem in BC. The segment starts at 47:00 on the play bar here.
The Current looks at money laundering in Canada, starting at 47:00 on the play bar: “An estimated $1 billion flowed into Vancouver real estate in just one year.” https://t.co/aKCWiBbEb5
— Danielle Park (@kdaniellepark) April 5, 2019
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