Category Archives: Business

China’s government takes over BC’s biggest retirement home chain

By ThinkPol Staff British Columbia’s biggest retirement home chain came under China’s government’s control today. Beijing-based Anbang Insurance Group Co acquired Vancouver-based Retirement Concepts, which owns 24 homes in BC, Calgary and Montreal, after the Trudeau government controversially greenlighted the

Istuary CEO denies being in complete control of companies, asks court to remove certificates of pending litigation on homes

By ThinkPol Staff The CEO of a once high flying Vancouver tech incubator that went down in flames leaving employees and investors high and dry has is claiming that he has never been in complete control of the company, and,

VISTRO-reported Airbnb listings are disappearing, but who’s behind their removal?

By Nick Valka At least 19 illegal Vancouver Airbnb listings have been taken down after being reported by VISTRO, but the question remains as to who is actually removing them. Vancouver’s Illegal Short Term Rental Operators, known as VISTRO[1] on

Foreign buyer tax stabilizes Metro Vancouver home prices – 2018 BC property assessment

By ThinkPol Staff Home prices in areas subject to British Columbia’s foreign buyer tax stabilized while the real estate market frenzy continued unabated in other parts of the province, according to a preview of the 2018 property assessment. Typical detached

Realtor boasts of entire triplex being run as Airbnb

By ThinkPol Staff A realtor listing an East Vancouver triplex for sale is boasting that the entire property is being run as an Airbnb hotel, which is a violation of Vancouver bylaws. An industry insider sent ThinkPol the Multiple Listing

Pre-sale buyers sue cancelled Cambie condo developer

By ThinkPol Staff Pre-sale purchasers of a cancelled Cambie Street corridor condo project have filed a lawsuit against its developer accusing the company of abandoning the development to extract a higher profit from the “sharp rise” in land values in

More than 1 in 3 Yaletown condo sales appear to be flips

By ThinkPol Staff More than a third of all condos currently listed for sale in Vancouver’s Yaletown neighbourhood appear to be attempts at flipping by speculators. ThinkPol analyzed all 128 of the currently available MLS listings for condominiums in Yaletown

1 in 4 Vancouver Westside home sales appear to be flips

By ThinkPol Staff More than a quarter of homes currently listed for sale in Vancouver’s most expensive neighbourhood appear to be attempts at flipping by speculators. After receiving a tip off from an industry insider, ThinkPol analyzed all 525 currently

Increasing supply in a housing bubble linked to a bigger crash

By ThinkPol Staff The BC government has promised to tackle the housing affordability crisis in Metro Vancouver by “aggressively” increasing supply. A new study coming out of Princeton suggests that the NDP government may want to reconsider that strategy. In

Airbnb neighbour damages your property? Insurance won’t help

By Lisa Tanh A freehold property owner in Vancouver claims Wawanesa Insurance will not cover damage incurred by neighbouring Airbnb operators. Last week, Shane Richardson, a freehold property owner in Vancouver, renewed his home insurance with Wawanesa Insurance, one of