13th May 2019
Criminals had placed an estimated $7 billion CAD in real estate in the Canadian province of British Columbia (BC) as of last year, according to a report published Thursday. The sum made up nearly five percent of the total property-related transactions in the province and accounted for an approximate 5-percent… Read More
3rd April 2019
The government of Canada’s British Columbia introduced legislation Tuesday that would require corporations, trusts and other legal entities to name the true owners of real estate they currently own or are in the process of buying. If implemented, the Landowner Transparency Act would create the country’s first public registry of… Read More
1st April 2019
A former cabinet member at the heart of a crisis that could cost Canadian Prime Minister Justin Trudeau his job on Friday released documents to back up her case that she had been pressured to help a large corporation avoid a corruption trial. Trudeau has been on the defensive since… Read More
22nd March 2019
Loose reporting requirements and lax enforcement have made the Canadian housing market particularly appealing to international money launderers, three watchdog groups said in a report Thursday. Under Canada’s anti-money laundering (AML) rules, real estate agents, brokers and developers need not always determine the beneficial owners or sources of funds from… Read More
15th March 2019
Canadian regulators are looking to create new rules for crypto trading platforms, months after the death of the founder of digital platform Quadriga CX that led to about C$180 million ($135 million) in frozen cryptocurrencies. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization… Read More
5th March 2019
AP—Another member of Canadian Prime Minister Justin Trudeau’s Cabinet resigned Monday over a scandal that has shaken the government in an election year. Treasury Board president Jane Philpott, considered a star minister, said in a resignation letter that it was “untenable” for her to continue in the Cabinet because… Read More
4th March 2019
The lawyers for Huawei Chief Financial Officer Meng Wanzhou are suing the Canadian government, its border agency and federal police, alleging their client was detained, searched and interrogated for three hours in violation of her constitutional rights. Canada arrested Meng in Vancouver on Dec. 1 at the request of the… Read More
4th February 2019
AP — Albanian police have cracked down a suspected visa ring issuing fake documents to help people illegally go to Western European countries, Britain, the United States and Canada. A police statement Saturday said 32 people, including a border policeman, were arrested and four others are… Read More
30th January 2019
Huawei Technologies Co Ltd’s chief financial officer, the central figure in a high-stakes dispute between the world’s two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States. Meng Wanzhou, daughter of… Read More
24th January 2019
AP — Canada’s ambassador to China said he thinks a top Chinese executive has a strong case to avoid extradition to the United States and said he hopes she will be released soon in remarks one of his predecessors called “mind-boggling.” Ambassador John McCallum told Chinese… Read More