Category Archives: Real Estate

“Inappropriate” Chinatown development designs drive gentrification

By Lisa Tanh Newly proposed developments in Chinatown are using inappropriate designs to further gentrify the neighbourhood, says a neighbourhood advocate. Melody Ma, a Chinese Canadian, said many of the newly proposed developments do not respect the neighborhood’s history and

Court orders Vancouver developer Ian Gillespie’s firm to pay $200,000 in unpaid bills to contractor

By ThinkPol Staff A BC Supreme Court judge has ordered Vancouver developer Ian Gillespie’s firm to pay more than $200,000 in unpaid bills to the contractor who painted the Telus Garden building. Atlas Painting & Restorations Ltd had sued 501

Realtor who deceived buyer into displaying New Coast Realty “sold” sign for a year fined $2,000

By ThinkPol Staff A realtor who deceived a buyer into displaying her brokerage’s “sold” sign has been fined $2,000 by British Columbia’s real estate watchdog. Real Estate Council of British Columbia’s disciplinary panel found that Richmond realtor Xinwei (Sylvie) Zhao,

“Scrap the Speculation Tax” coalition turns to big tobacco and asbestos PR firm

By ThinkPol Staff The umbrella group campaigning to repeal the Speculation Tax introduced by British Columbia’s NDP government has enlisted the help of a controversial global public relations firm that gained notoriety for promoting big tobacco and asbestos industry interests.

Shadow flipping realtor fails to get case thrown out

By ThinkPol Staff A lawsuit launched by a West Vancouver man after discovering that his house had been shadow flipped twice by his realtor for a much higher price will proceed to full trial, after a judge dismissed an application

UBC prof behind Speculation Tax says it doesn’t actually target speculation

By Drew Penner Ask University of British Columbia professor Tom Davidoff where the provincial NDP’s new housing tax came from, and he’s quick to take credit. Just don’t try to pin the “speculation” angle on him. “I was like the

Metro Vancouver housing sales slump 30% in March

By ThinkPol Staff Home sales slumped 30 percent last month in Metro Vancouver as BC budget measures aimed at making housing affordable began to cool down the region’s once red hot real estate market. Residential home sales in the region

Most Vancouver houses sold below assessment in March

By ThinkPol Staff Well over half of all Vancouver detached houses sold below assessment in March, with some going as low as 22% below, making it the second month in row that a majority of Vancouver single family homes sold

Speculation tax doesn’t go far enough, Burnaby councillor says

By Drew Penner Burnaby councillor Nick Volkow is newly single. His life changed forever when his wife passed away a year-and-a-half ago. In recent days he’s been pondering the next steps in his own life. But the 22-year Council veteran

Hope on the horizon for Vancouverites trying to get into the housing market?

By ThinkPol Staff There may be hope on the horizon for prospective condo buyers in Metro Vancouver trying to get a foothold in the region’s runaway housing market, a Vancouver realtor says. Even as the single family home market enters