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May 10, 2019 | BC Govt: ‘Money Laundered in BC More Than anyone Predicted’

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

An expert panel looking into money laundering in B.C.’s real estate market has found an estimated $5 billion in “dirty money” was laundered through the province’s housing market in 2018 alone.  This has helped to inflate property prices beyond the reach of many law-abiding residents.

At a press conference held Thursday, B.C. Finance Minister Carole James and Attorney General David Eby share the disturbing numbers connected to money laundering in the province. Here is a direct video link.

 

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May 10th, 2019

Posted In: Juggling Dynamite

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