Category: investments

Toronto’s real-estate market risky for money laundering, with $28B in opaque investments: report – Global News 0

Toronto’s real-estate market risky for money laundering, with $28B in opaque investments: report – Global News

It is not just Vancouver’s skyrocketing real-estate market that is being boosted by criminal cash and professional money launderers.A new report by Transparency International Canada has found Toronto’s much larger market faces massive floods of opaque cash, with $28.4 billion invested in Greater Toronto Area housing since 2008, through corporations.“Criminals need homes too,” the report…