VANCOUVER, Canada — In a case intertwining toxic loans, a brutal murder, and a court-ordered execution in China, amid the transnational flow of millions into Vancouver's luxury real estate market, two families are locked in a legal battle over at least five high-end homes in areas of the city reshaped by decades of murky capital flight funneled through underground transfers into Canada's West Coast.
Typical story. Wife comes to Canada, homemaker with 1 daughter spouse works in China but comes to Vancouver several times a year. She obtains permanent residence status and sponsors spouse from China. She buys other properties with spouse money. Now other shit happens, but she denies any knowledge of how her now deceased spouse made his money. How convenient. So lack of knowledge of the law is no excuse typically in Canada right.
Let's not forget the $16,000 a year manger's income they declare without questioning from Canadian real estate agents and lawyers. I'm waiting for any political party to say they will enact anti racketeering legislation. It's a no brainer unless you've got something to hide...
Kerrisdale, the other day... On either side of Dunbar between 38th and 41st Ave, about 98% of the "sold" condos were dark at 6pm. Especially the condos above K Mart and Blooming Dental.
This "dark" condition is true of many buildings in Kerrisdale. Not only is real estate costly, neighbourhoods and community have been sacrificed, notwithstanding the chaos of constant construction.
Since both sides of this issue are shady AF, why not seize all the properties under "proceeds of crime" legislation? Problem solved.
Typical story. Wife comes to Canada, homemaker with 1 daughter spouse works in China but comes to Vancouver several times a year. She obtains permanent residence status and sponsors spouse from China. She buys other properties with spouse money. Now other shit happens, but she denies any knowledge of how her now deceased spouse made his money. How convenient. So lack of knowledge of the law is no excuse typically in Canada right.
Let's not forget the $16,000 a year manger's income they declare without questioning from Canadian real estate agents and lawyers. I'm waiting for any political party to say they will enact anti racketeering legislation. It's a no brainer unless you've got something to hide...
Yep. The system is wilfully set up this way to allow this. All levels of government are at best negligent and at worst complicit.
Kerrisdale, the other day... On either side of Dunbar between 38th and 41st Ave, about 98% of the "sold" condos were dark at 6pm. Especially the condos above K Mart and Blooming Dental.
This "dark" condition is true of many buildings in Kerrisdale. Not only is real estate costly, neighbourhoods and community have been sacrificed, notwithstanding the chaos of constant construction.
WTF !! Supreme Court Justice Kent wrote, “The plaintiffs are victims of a horrific crime committed by Mr. Ni.”