Anyone trying to secure a home will tell you what a battle it is.  Racing prices have been putting the squeeze on buyers, making what was once a joyful rite of passage, a depressing and sometimes hopeless exercise.

The forces behind the skyrocketing market are complex, from investor activity to population growth, but one little known factor is money laundering.

Mike speaks with Cybersecurity expert Ches Rafferty, who says real estate is a ‘gate keeper’ industry, where criminals launder large sums of money in a single transaction, misusing agents to create a buffer between them and their illicit funds.

“These illicit transactions can manipulate the market, particularly when buying well above market value. But a government crackdown is coming July 1. This deadline could see a rush of activity as criminals try to get their dirty money into the system before the gate slams shut, pushing prices even higher.”