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Vancouver plans next step in real estate crackdown – a big watchdog

Natalie Obiko Pearson

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British Columbia plans to create a single real estate regulator to strengthen the fight against money-laundering in markets such as Vancouver, where the government says dirty money has helped drive up housing prices.

The provincial government intends to introduce legislation late next year that would establish a joint financial services and real estate watchdog by the spring of 2021, the Ministry of Finance has said.

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