"We’d be remiss writing on Price Tags without talking about the elephant in the room ~ and that is the alleged money laundering in local real estate deals. Last summer we published an editorial on this stating that 'in 2016, Transparency International Canada found that 45 per cent of Metro Vancouver’s most valuable properties were held by numbered companies.'

And there’s a new report from the C.D. Howe Institute saying that 'official estimates of the amount of money laundered in Canada each year range from $5 billion to $100 billion. Criminals involved in drug trafficking, smuggling, tax evasion and corruption have parked their dirty money in Canadian real estate and businesses, the report says, because they do not have to be identified as owners of shell companies and legal trusts.'” ~ Sandy James - Price Tags

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