Residential Properties Owned by Shell Companies

A 2016 report by Transparency International Canada indicated nearly one-third of the 100 most valuable residential properties in Metro Vancouver were owned by shell companies. 

On April 2^nd 2019, the BC government introduced legislation aimed at preventing tax evasion and money laundering. Their goal is to bring anonymous real estate owners hiding behind shell and numbered companies out of the shadows. The Landowner Transparency Act would create Canada's first public registry of property owners to compel corporations, trusts and partnerships to disclose the owners of the land they currently have and are purchasing. Read more in the CBC report. 

https://www.cbc.ca/news/canada/british-columbia/b-c-introduces-law-to-prevent-money-laundering-tax-evasion-in-real-estate-1.5082253