Category Archives: Economy

BC Green leader calls for seizing homes of foreign buyers involved in immigration fraud, tax evasion, money laundering

By ThinkPol Staff British Columbia’s Green Party Leader has called for seizing the homes of a group of foreign buyers whose immigration fraud, tax evasion, money laundering and a host of other illegal activities came to light in a recent

Petition calls for housing speculation tax in BC budget and crackdown on money laundering, shady realtors

By ThinkPol Staff A petition has been launched to urge British Columbia’s NDP-led government to introduce a housing speculation tax along with a special taskforce to crackdown on money laundering and unethical practices by realtors in Metro Vancouver’s real estate

Speculator attempts to flip Richmond condo for nearly 3x within 6 months

By ThinkPol Staff A speculator is attempting to flip a Richmond condo bought just six months ago for nearly three times the amount paid for it. This is according to data gathered by Corrupt Gregor[1]https://twitter.com/corruptgregor, the twitter user who reports

Twitter account targets flippers speculating on Vancouver’s housing market

By ThinkPol Staff A social media account is targeting flippers speculating on Vancouver’s housing market by reporting them to Canada’s tax agency. Corrupt Gregor[1]https://twitter.com/CorruptGregor has so far reported to the Canada Revenue Agency the owners of five properties, which are

Globalization fuels inequality, but social spending could soften the blow – OECD study

By Will Young Economic globalization, specifically international trade, leads to greater inequality with a country, but higher social protection spending may create a cushioning effect against rising income differences, according an OECD study. In Economic globalisation, inequality and the role

Bosa, Magnum sued for fraud, misrepresentation

By Lindsey Lloyd An international commercial builder and a Canadian commercial real estate agent have allegedly sold Vancouver office space under false pretenses, a lawsuit claims. A B.C. numbered company filed a civil claim this month against Bosa Development, Magnum

More than 3 in 4 Metro Vancouver homes sold below asking in November

By ThinkPol Staff The days when multimillion dollar teardowns in Metro Vancouver triggered bidding wars pushing the offers above the asking price seem to be over. Three in four detached houses in Canada’s once hottest housing market sold below asking

Canada’s “rip it and ship it” economy ill-prepared to shift towards sustainability, report finds

By Will Young Canada’s “rip it and ship it” economy that emphasizes extraction over of value-added processing and manufacturing has left the national lagging badly in innovation, in materials efficiency and recycling, according to an OECD report released today. OECD’s

Flipper sues buyer who lost half a million selling waterfront property for loss

By ThinkPol Staff A Vancouver speculator who tried to make a profit of $200,000 through an assignment flip is now suing the eventual buyer, who allegedly owes him $600,000 after being forced to sell the West Vancouver waterfront property for

Land assembly speculators shadow flipping to skirt foreign buyer tax

By ThinkPol Staff International speculators are buying up Vancouver properties to put together land assemblies that they then shadow flip to avoid paying BC’s foreign buyer tax. A real estate industry whistleblower sent ThinkPol one such example of an attempted