Disclosure Obligations in Residential Real Estate TransactionsMondaq News Alerts (registration)The residential real estate market in the Lower Mainland is incredibly active. Prices continue to rise by... significant amounts in a matter of weeks, sometimes days. Stories abound of bidding wars and sales without subject clauses. Out of anxiety or ...
Profit ConfidentialYou Won't Believe How Absurd the Vancouver Real Estate Market Has BecomeProfit ConfidentialAccording to the Canadian Real Estate Association (CREA), the national average price f...or homes sold in April increased 13.1% year-over-year to CA$508,097. (Source: “Canadian Home Sales Set Record in April,” The Canadian Real Estate Association, May ...and more »
CBC.caOttawa should crack down on money laundering in Canadian housing, experts sayCBC.caOttawa needs to beef up its efforts to combat money laundering in the real estate industry, say critics and hou...sing observers after documents revealed that dozens of companies haven't shown how they're trying to detect questionable transactions.and more »
Feds lax on real estate sector compliance with anti-money laundering law: criticsMetroNews CanadaIt has also invested "significant time and effort" into working with the real estate industry... and the Canadian Real Estate Association to help realtors better understand their obligations under the Proceeds of Crime (Money Laundering) and Terrorist ...and more »
CBC.caAt least 85 real estate companies in Canada don't properly track money launderingCBC.caAt least 85 real estate companies have not implemented a plan showing how they are trying to detect ...money laundering and other suspicious transactions, nearly 15 years after they were required to do so, according to data obtained by The Canadian Press.and more »