The Premier is shifting the blame for an apparent lack of action to move on money laundering in Vancouver’s real estate market.
Premier Christy Clark says it’s the federal agencies like Fintrac or the Canada Revenue Agency that need to “step up and make sure that they are getting the job done.”
“Given that money-laundering is a federal responsibility, we’re doing everything we can to make sure they step up and have the information they need, to act and to come down very, very hard on people who are behaving illegally in our province.”
Clark also says her government is sharing as much information as legally possible with those agencies.
Earlier today a report by the Paris-based Financial Action Task Force identified cases where Chinese government officials were laundering money in Vancouver’s real estate market.
Clark also deflected questions over allegations raised this week by NDP Housing critic David Eby who revealed documents showing students scoring mortgages on multi-million dollar properties.
“I can’t speak to the truth of those specifics, those concerns considering the source, but I will say that the reason we brought in a 15 per cent tax on foreign buyers is because we want to make sure housing is available for British Columbians to be able to buy at a reasonable price.”