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Resource ID: #28408
Subject: Development
Source: Toronto Star (Ontario, Canada)
Affiliation: 
Date: 18-Nov

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Description

In the middle of one of the hottest real estate markets in the world, a surprising number of residents in Toronto's most luxurious condo development are selling at a loss. The Toronto Star dug deep to figure out why and discovered that the Ontario property market is open to abuse because people can buy and sell anonymously. While other hot markets like New York, London and Vancouver have made moves to increase transparency, Toronto remains vulnerable to money laundering and tax evasion.

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