January 16, 2018 | BC Case Reveals 7 Scams That Have Pumped Up Canada’s Real Estate Bubble

A B.C. Supreme Court case that pitted two rich families from China against each other provides grim revelations about the kind of migration, tax, and real-estate scams regularly occurring in Metro Vancouver and beyond. “This case provides unusually candid insight into what those who would abuse our immigration and real-estate systems really think in their own words about their true motives for seeking access to Canada and our real estate,” said Vancouver immigration lawyer Sam Hyman.
See: Explosive BC case details 7 migration scams. Here is the short list:
1. Not declaring full worldwide income to Canadian tax officials
2. Pretending to spend time in Canada to meet residency requirements
3. Hiding real real-estate ownership
4. Lack of regulation of real-estate agents
5. Illicitly laundering money out of China
6. Misusing provincial migration programs
7. Exploiting Canadian courts, with costly trials
See this link to a video report.
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Danielle Park January 16th, 2018
Posted In: Juggling Dynamite
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