Category Archives: Real Estate

Speculators targeting Richmond farmland threaten local food supply

By Lisa Tanh Speculative development is raising Richmond’s farmland prices and slowing down local food production says a grassroot organization fighting against this issue. Laura Gillanders, a Richmond resident and coordinator of FarmWatch, an organization that is focused on preserving

BC Greens piling pressure on NDP to ban foreign buyers in budget

By ThinkPol Staff The BC Green Party is piling pressure on the NDP minority government its propping up to follow New Zealand’s example and restrict foreign real estate ownership in the province in the upcoming budget. “Recently, we proposed we

BC can legally seize lawbreaking foreign buyers’ homes, lawyer says

By ThinkPol Staff British Columbia government can legally seize the homes of a group of foreign buyers whose immigration fraud, tax evasion, and money laundering, money laundering and a host of other illegal activities came to light in a recent

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

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

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