Corrupt foreign money is being used to buy high value real estate in Canada and the country is not doing enough to tackle the issue. That’s according to a new report from Transparency International, a German-based think tank, which says Canada, along with others such as the US and Australia, has weak restrictions which allows the cash to enter the country. Claims that large amounts of corrupt funds are being used to buy homes in Toronto and Vancouver are difficult to substantiate the organization says but it has called on Canada, and other countries, to fully adopt the principals that the G20 leaders agreed in 2012.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: