Category Archives: Real Estate
Massive commercial operators continue to run illegal Airbnb hotels in Vancouver despite City of Vancouver’s “crack down”
Suite Living, who claim to be one of the largest furnished rental companies in Vancouver, has been promoting multiple STRs in Vancouver and Richmond through their website and Airbnb. Currently, it remains illegal to run STRs for less than 30
Realtors question legality of new taxes as foreign buyers exit cooling Vancouver housing market giving locals hope
By Drew Penner Within real estate circles, the effect of new taxes aimed at foreign buyers cashing in on Vancouver’s superheated housing market has been palpable. Shawn Anderson, a realtor with Engel & Völkers Vancouver, says the change has been
Hong Kong tycoon linked to offshore tax havens flipping $18M Vancouver house through shell company
By ThinkPol Staff A Hong Kong property tycoon known as the “King of Shell Companies,” whose name appears in the Offshore Leaks database of tax haven clients, is trying to sell a house in Vancouver Westside for $18.88 million after
Most Vancouver houses sold for below assessed value in February
By ThinkPol Staff More than half of all Vancouver detached houses sold for below assessment in February, with some going as low as 24% below, MLS sales data show. The MLS sales data, jealously guarded by the real estate industry,
Single investor bought up 10 out of 91 townhouses as presales in Richmond project using numbered companies, court case reveals
By ThinkPol Staff A single investor, using numbered companies, bought up 10 out of the 91 townhouses as presales at a development project in Richmond, BC, according to a recently concluded BC Supreme Court case. In 1042056 B.C. Ltd. v.
Most Vancouver houses sold below assessed in last three months
By ThinkPol Staff Just over half of all Metro Vancouver single family homes sold for below assessment, MLS sales data for the last three months show. And industry insider provided ThinkPol the sales data for Vancouver, Richmond, West Vancouver and
Vancouver investor buying up properties to run illegal Airbnb hotels
By ThinkPol Staff A Vancouver-based real estate investor is buying up properties in the city and turning them into illegal Airbnb hotels, even as the city grapples with a worsening housing crisis. An internet detective uncovered how the woman, who
Vancouverites urged to occupy Airbnb units and demand tenancy rights
By ThinkPol Staff Citing lack of action by the City of Vancouver in cracking down on illegal short term rental in the city, housing rights activists are urging Vancouverites to take matters into their own hands by occupying Airbnb units
Increasing property prices force Robson street businesses into bankruptcy
By Lisa Tanh Vancouver-West End MLA Spencer Chandra Herbert says small business owners on Robson Street are struggling to pay their bills because of high-density upzoning and increased property prices. Last Thursday, Chandra Herbert spoke at the B.C. legislature on
Anger over “overseas owner” flipping empty condo in Vancouver
By ThinkPol Staff A leaked realtor’s view of an “overseas owner” flipping their empty condo in Vancouver is being met with anger by Vancouverites. “OWNER IS OVERSEAS. ALL OFFERS PLEASE ALLOW 48 HOURS TO RESPOND.” the realtor’s notes section in