The corruption revelations are getting worse:
In September 2020, as Ontario’s real estate rocketed higher, a Toronto realtor with ties to Beijing claimed a fake Chinese income of $763,689 in order to secure HSBC mortgages for two properties, bringing her personal portfolio in Greater Toronto up to five homes.
What makes this realtor’s case politically explosive is not just that her network allegedly laundered money from China into Toronto real estate, nor the forged Chinese employment records they used to obtain massive mortgages from Canadian banks, or that they became Ontario landlords by leveraging criminal underground banks servicing Chinese diasporas in Vancouver and Toronto.
h/t James MacMaster

