Duh. Hundreds of Millions of Dollars Washing into Canadian Real Estate.
4. Lack of regulation of real-estate agents
The son’s phoney claims about spending time in Canada were coordinated by the families’ realtor, Garry Gu. The realtor assisted the son by helping provide false pay cheques, false employment records and false verbal claims about losing his permanent-resident card while in China.
“The new B.C. real estate regulator may want to invite Mr. Gu to a session over his behaviour,” said Hyman, referring to the way B.C.’s real-estate regulation was recently reformed following persistent complaints it was failing to discipline rogue realtors.
And my noble "profession" of Realtors® still shows Garry Gu as an active licensee.
But the Federal Government continue to require that Realtors must ask for picture ID to prove who you are (yes, you too, Mother) to deter money laundering.
Give me a break!
(The world must laugh at how stupid and naive Canadian governments are.)