35 stories.
By Amy Chen Vancouver developer Onni Group has responded to weekend’s ThinkPol article about 1335 Howe condo being sold to Hong Kong residents for “cheaper than in Canada”, claiming that the promotion company acted without authorization, even though the promoter…
By Amy Chen International speculators are gambling on Vancouver’s real estate market without having to pay the 15% foreign buyer tax by investing in subprime mortgage lenders, who in turn offer high-interest mortgages to Canadians to buy homes. Wealthy investors…
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…
By Amy Chen Non-resident 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…
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…
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…
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.…
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…
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…
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…