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Originally Posted by Johnny199r
The government in this country has been absolutely useless on this issue. I think they're scared that pointing this out inevitably gets some groups yelling "racist!", even though there is ample evidence to back up the problem.
It's been one of the most disappearing aspects of governments in the last 10 years.
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In terms of housing it’s a factor but not a significant one
https://news.gov.bc.ca/releases/2019FIN0051-000914
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More than $7 billion in dirty money was laundered in B.C. in 2018, hiking the cost of buying a home by about 5%, according to British Columbia’s Expert Panel on Money Laundering in Real Estate.
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In general blaming foreigners and fraud is easier than actually fixing zoning and nimbyism. I think the focus on foreign buyers and fraud is used to deflect to parties who benefit from current zoning.