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.
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