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[return to ""Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks"]
1. Sunlig+bn[view] [source] 2024-02-06 19:23:01
>>eswat+(OP)
To maybe offer a different perspective: I think the Canadian mortgages linked to Chinese accounts will likely all be paid. What may be happening is that there is a lot of underground chinese financial activity that is not recorded in Canada and part of this 'network' is utilized to get money out of china.
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2. mtalan+Ht[view] [source] 2024-02-06 19:53:12
>>Sunlig+bn
Tangentially related, there was an undercover Vice News report on the connections between Chinese Triads and the Mexico/US fentanyl trade a couple months ago [1]. I also wouldn't be surprised if there were underground networks of capital in Canada that were related to these mortgages.

[1] https://www.youtube.com/watch?v=E8wEGVIPJ_4

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