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by sedachv 2349 days ago
In the case of Vancouver specifically, it was a combination of Ponzi schemes, lending fraud, and money laundering:

http://www.theglobeandmail.com/real-estate/vancouver/out-of-...

http://www.theglobeandmail.com/real-estate/vancouver/canadia...

http://news.nationalpost.com/news/canada/chinese-police-run-...

1 comments

The primary residence scam is popular. Pretend to live there, pay no capital gains. Especially lucrative if you tear down and old junker and build a fourplex and laneway house.