What!? Are Not All Canadian Houses and Real Estate Purchased (By Foreign Buyers) With Well-Earned, After-Tax, Clean Money?

Sarcasm aside, it is about time Canadians wake up to what is happening under their noses. and realize that despite all the complaining from potential buyers, government measures, increased taxes on foreign buyers, mortgage changes and FINTRAC regulations to ease real estate and housing price inflation - IT IS OUR OWN PROBLEM that Canadians have IMPORTED due to a lack of restrictions between domestic and foreign buyers as well as a lack of checks and balances on where those funds are sourced (not just geographically, but legally versus illegally). 

https://business.financialpost.com/real-estate/toronto-housing-has-become-magnet-for-money-launderers-with-28-billion-in-real-estate-bought-by-anonymous-owners-study

"...Toronto’s housing market has become a target for money laundering or “snow washing,” thanks to anonymous property ownership, weak regulation and lax enforcement, according to a new study.

Since 2008, $28.4 billion worth of housing was acquired in the Toronto region largely through private entities where owners can remain anonymous, according to a report released Thursday by Transparency International Canada, Canadians for Tax Fairness and Publish What You Pay Canada.

In that period, $9.8 billion of housing was bought by companies through cash purchases, largely bypassing anti-money laundering checks on fund sources and beneficial owners, according to the study, which analyzed more than 1.4 million residential sales dating back to 2008..."

Canada's Real Estate Inflation Problem: A Supply or a Demand Issue? In New Zealand a Clear Answer - Foreign Buyers are Hit Hard Beyond a Meaningless, Insignifcant Tax

https://nationalpost.com/news/world/new-zealand-to-ban-foreigners-from-buying-homes-after-spending-splurge-by-millionaires-crowds-out-locals

At least one country has stuck its neck out and realized that demand for housing far outweighs housing supply, as that incremental demand comes from outside of its own borders.  Rather than politicians (over) promising, debating, and feet dragging when it comes to domestic "affordable housing solutions", New Zealand has woken up to the demographics and drivers of such first world real estate markets.