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2020-01-27 [p.105]
Q-203 — Mr. McLean (Calgary Centre) — With regard to government scrutiny of foreign funding of Canadian real estate investments: (a) has the government conducted any specific studies in relation to examining the sources of foreign capital in Canadian real estate, and what were the findings of the studies; (b) what percentage of foreign capital in Canadian real estate does the government estimate to be from illegitimate or illegal sources; (c) what specific measures does the government take to ensure that foreign investment is from legitimate sources; (d) how many foreign-funded real estate transactions have been investigated for possible money laundering since January 1, 2018; (e) what is the status of each of the investigations in (d); and (f) what specific actions is the government taking to ensure that Canadian real estate transactions are not used for money laundering? — Sessional Paper No. 8555-431-203.
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