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by pesfandiar 2333 days ago
> see what money laundering has done to the Vancouver housing market.

It's inconclusive at best, and misidentifying the major causes in this complicated crisis could hurt any effort to alleviate housing pains.

Money laundering does happen in BC, and some of the proceeds do go into higher end housing. One can argue the restrictive zoning and ever-increasing costs and hurdles to new developments are orders of magnitude more influential on the market than the hot money. We have heavily left-leaning councilors in Vancouver that vote down any rental property project, solely to prevent private parties from making any profit.