British Columbia’s finance minister says that province’s transparent land registry will push dirty money to real estate markets in other parts of Canada — and Toronto’s at risk. “Money launderers don’t look at borders, they look for opportunities.”“Money launders don’t look at borders, they look for opportunities,” B.C. “If one province puts something in place and the other provinces don’t ... it provides an opportunity.” ( Vince Talotta / Toronto Star file photo )“If one province puts something in place and the other provinces don’t ... it provides an opportunity,” she said. “We’re doing everything we can to end any kind of misuse of our real estate system. A Star investigation last fall showed that real estate agents have been widely flouting a law intended to foil money laundering.

Source: thestar April 25, 2019 16:42 UTC