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Originally Posted by Mathgod
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But not surprising.
We know exactly what the bulk of these people were doing, it is in fact nothing more than money laundering.
They are taking wealth from a nation (probably China, but probably not exclusively China) where their Government could seize their money and assets at a moments notice without any backstop or oversight and moving it to a safe and stable nation.
Growing that money through the appreciation of home values at the same time as educating their kids in that same nation.
They dont need to earn any money. They have it already. And the best part is what is Canada going to do about it? Say that they dont believe them? Cool. Check with the Chinese Revenue Agency about their Foreign Income. Good luck with that.
I mean, look no further than England at the moment. This exact same thing happened in parts of London in the early 90s to early 2000s with the fall of the Soviet Union and the Russian Oligarchs. Once they consolidated their wealth a huge chunk of them parked it in the UK where they'd be protected from a corrupt Government or unhinged Business Rivals.