Real Estate News

Canada Largest Source Of Money Laundered Funds For Real Estate Is Canadians


Image by Free-Photos from Pixabay

Canadians have been caught laundering almost a billion worth of real estate recently. From 2015 to 2020, the news ran stories on US$626.3 million ($822.7 million) of real estate bought with laundered cash. Over 88% of it was residential real estate. It’s a big chunk of money, but here’s the shocking part — only 35 cases were examined here. That averages out to $17 million per case, if you’re curious.

Continue to read on: BETTER DWELLING

Share this News

Share