Realtor gets caught trying to make $400,000 illegally shadow flipping, gets fined $8,000
By Amy Chen A Vancouver Realtor who got caught trying to make $400,000 illegally shadow flipping a property in addition to a slew of other illegal activities has been fined a $8,000 and given a 45-day licence suspension by the
CIBC playing dangerous game by financing the flippers
By Amy Chen Shuyang Ling and Xuhong Ying of West Vancouver bought the property at 1195 Sutton Place for $2.7 million last September and are now trying to flip it for $5.4 million. They purchased the property with a little
Foreign buyers snap up Vancouver homes to run illegal Airbnb hotels despite tax
By Amy Chen Foreign buyers are still snapping up homes in Vancouver to turn them into illegal short term rental hotels on Airbnb and other platforms despite the 15% foreign buyer tax imposed last year, an analysis of short term
Homes sell for well below asking as Metro Vancouver market slumps
By Amy Chen Homes are selling in Metro Vancouver for up to 20% below asking as the housing market continues to tumble, according real estate sales data. ThinkPol analysed a random sample of 54 detached house sales in Vancouver, West
Judy Graves vows to slap 50% Flipping Levy on Vancouver real estate speculators
By Amy Chen A former homeless advocate running for a council seat in Vancouver has pledged to slap a 50% Flipping Levy on real estate speculators on the city. The Flipping Levy is just one of the measures announced by
Investors dumping Metro Vancouver homes at a loss as bubble bursts
By Amy Chen Investors who bought homes in Metro Vancouver last year at the height of the bubble are dumping them at a loss to flee the market in a hurry as prices continues to tumble, recent sales listings show.
Christy Clark’s BC Liberals overpaid favoured donor $572 million to build bridge
By Amy Chen The former BC Liberal government under Christy Clark overpaid party donor Kiewit/Flatiron General Partnership more than half a billion dollars for the Port Mann Bridge project, documents reveal. While bridge was to be built under a fixed-price
Investors dumping Metro Vancouver homes at cost as prices plummet
By Amy Chen Investors who bought real estate in Metro Vancouver last year at the peak are dumping them at cost to bail from the market in a hurry as prices continues to tumble, recent property listings show. The dumping
Premier Notley celebrates Labour Day as Brian Jean shuns workers
By Jane Grant Alberta Premier Rachel Notley celebrated Labour Day at the annual Calgary and District Labour Council barbeque as Leader of the Opposition Brian Jean shunned workers. “Labour Day recognizes and honours everyone who works to develop our resources,
Vancouver home being flipped for 25% profit a month after being bought
By Amy Chen A Vancouver property developer is attempting to a flip a home for 25% profit a mere month after buying it. Georges Mavroidis of Vancity Development Group Corporation bought the 2167 sq. ft. single family home at 3107
