‘Dirty money’ is destroying Vancouver’s civic fabric—and causing lasting damage

It’s the opposite of an American rust-belt wasteland of shuttered factories, and it’s nothing like one of those seething immigrant banlieues of Paris. But Metro Vancouver, in its way, with its Ferraris and Lamborghinis and its glorious backdrop of the mountains and the sea, is just as much a case study in the dark, broken and ugly side of globalization.

At least 20,000 Vancouver homes are empty, and nobody’s really sure who owns them. The rental vacancy rate is less than one per cent....

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