Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom - Bloomberg

- Some $5 billion laundered in province last year: government
- Laundering increased provincial home prices as much as 7.5%

Vancouver penthouses, ski chalets at Whistler, and holiday retreats in the Gulf Islands are among the thousands of properties identified in a dirty money probe that estimates more than C$7 billion ($5 billion) was laundered through the western Canadian province of British Columbia last year.

The startling findings from two reports released by the provincial government Thursday illustrate how a torrent of suspicious cash has fueled casinos, luxury car sales and real estate in the Pacific Coast region...