Money Laundering: "The Vancouver Model"

[Migrant_Coconut]

Originally Posted by misher

And yet it’s white people who sold a good chunk of the west side to Chinese. Only 20% of Vancouver real estate is owned by those of Chinese ethnicity. So shouldn’t you be mad at shadow flipping caucasians?

PS: if the place with more Chinese has less laundering that’s pretty strong correlation to prove that chinese launder less than caucasians. Better than evidence than your opinion pieces or looking as individuals cases.

How is the West Side getting flipped? Point Grey and Kerrisdale and Shaughnessey are expensive on their own. It's the condos that get presold overseas and constantly change hands .

If you can call investigative journalism "opinion pieces," then your statistics are "real estate shill jobs." You've repeatedly posted either irrelevant or poorly-analyzed graphics to help your argument, and most of the forum has called you out on it.
Nothing says more money was laundered in Alberta except a metric based on GDP and crime rates. Direct quote from Edmonton's article:

The report used a complex economic model that factored in provincial GDP and crime rates to arrive at dollar-figure estimates for the amount of money laundered in each province and region between 2011 and 2015.

The authors, led by panel chair Maureen Maloney, a Simon Fraser professor, acknowledged that it is impossible to actually measure how much money laundering takes place in a given jurisdiction.
“It must be stressed that the inherent secrecy of an activity designed to hide the true nature of financial transactions, together with the lack of reliable, internationally consistent data, means that there is no definitive way to measure money laundering activity,” the report said.

“The relatively high estimates of money laundering in Alberta and the Prairies may be surprising,” it continued. “Based on the discussion of limitations to the model set out earlier, these results likely arise from the importance placed on crime rates and GDP levels.”

“Relative crime rates have been rising in Alberta and the Prairies while falling in some other jurisdictions and, until oil prices fell in 2015, Alberta and Saskatchewan GDP were also relatively high.”

“If money laundering in Alberta and the Prairies have been overestimated by the model, that implies that money laundering in B.C., Ontario and Quebec have likely been underestimated,” it concluded.

Duhaime said using economic models to estimate the amount of money laundering in a given jurisdiction can give a baseline, but added it doesn’t appear the estimates factored in things like Vancouver’s high levels of organized crime, its fentanyl trade and the amount of dirty money stashed in the real estate market.

Also, where did I say a certain ethnicity makes you likely to be a criminal? Even the ethnicity in question acknowledges the problem! The "racism" card is part of why the rest of the province hasn't done the same until now!