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For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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Never thought I'd read a statement like that from someone who was serious.
Indian with it's assassins and cult government...
In fairness to Modi, Canada is already well known as a haven to clean dirty money.
For the moron downvoters. I can be a proud Canadian and still admit we have a problem.
https://www.thestar.com/opinion/editorials/canada-is-a-haven-for-financial-crime-that-must-be-stopped/article_dfd61d8f-0dcc-564d-afe9-3a440c7fa792.html
https://youtu.be/_6sqfyxPgFo?si=7idNnylMLVKLSsY_
Not sure why this is getting downvoted, the Canadian housing market has been the place to park foreign money for years. Is one of the main reasons why Vancouver is so expensive. You can correlate the price of housing in BC to Xi's crackdowns, Brexit, or MBS taking over in Saudi. Also true for BTC.
Send some goofball nephew from China/India/Russia/etc. to school at Simon Frasier or whatever D-tier local school is in Richmond BC so that the proiperty is occupied, then take a reverse mortgage out against that and buy more property. Funnel money through said nephew to pay off the mortgage, then rent out the other properties. Or create shell companies in BC, have them cut deals with foreign companies, fail to deliver, lose a court case, and then have the court rulings sent to the BC company tax free since settlements aren't taxed.
Generally true in the GTA, and the big Alberta cities to lesser extents.
Having worked in corporate finance for years, anecdotally it was always explained that with China as an example people would purchase real estate because it was the hardest thing for the CCP to claw back once the money left China. If the CCP wants what you own, they will take it. They can't easily take back 100 apartments in downtown Surrey.
I thought that was Luxembourg.
What
Likely referring to Chinese money fucking up the housing market
See my edit.