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The Cullen Commission estimated that in 2019 alone, $5.3 Billion of illicit funds was laundered through the Vancouver real estate market, which increased housing prices by 5%. [104] "The Vancouver Model" is a way for Chinese organized crime to launder revenue generated primarily by fentanyl sales through casinos. [105] In 2016, Transparency ...
According to The Province, in 2016 Vancouver residential prices moved up 18 per cent overall, according to the Real Estate Board of Greater Vancouver, but cooled off just before the province imposed a 15 per cent foreign buyers tax in August. Towards the end of the year falling sales, and in some cases prices, dominated the housing market. [9]
Better Dwelling was founded in 2017 as a real estate news service that used artificial intelligence to assist with its data journalism. It was co-founded by Stephen Punwasi. In 2017, the company began a daily news syndication service carried by mainstream news publishers such as Business Insider, HuffPost, [2] and Maclean's. [3]
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The Port of Vancouver supports 115,300 jobs in Canada and provides $1.4 billion a year in tax revenues. [6] Vancouver's central area has 60% of the region's office space and is home to headquarters of forest products and mining companies as well as branches of national and international banks, accounting and law firms.
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related to: vancouver real estate news priceshouseful.ca has been visited by 10K+ users in the past month