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Massive Government Overstep in Canadian Real Estate


The Federal government is expanding their FINTRAC requirements when it comes to collecting personal information in an effort to crackdown on money laundering through the Canadian housing market.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the contents of the current FINTRAC form that all real estate agents must complete on behalf of their clients and the new survey being introduced to the current FINTRAC process.

What are your thoughts on this? Is this an overstep by the Canadian government or is the collection of this information reasonable?

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