Category Archives: Real Estate
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
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
Whistleblower questions reliability of statistics published by Vancouver real estate board
By ThinkPol Staff A real estate industry whistleblower is questioning the reliability of Vancouver real estate statistics released by the realtors board. The insider claimed that Real Estate Board of Greater Vancouver’s unwillingness to subject their statistics to independent scrutiny
Many Metro Vancouver homes selling for a loss
By ThinkPol Staff Dozens of homes in Metro Vancouver bought in the last two years are currently listed to be sold for a loss as speculators appear to exit Canada’s hottest real estate market. An industry insider sent ThinkPol sales