Category Archives: Front Page

CIBC playing dangerous game by financing the flippers

By Amy Chen Shuyang Ling and Xuhong Ying of West Vancouver bought the property at 1195 Sutton Place for $2.7 million last September and are now trying to flip it for $5.4 million. They purchased the property with a little

Foreign buyers snap up Vancouver homes to run illegal Airbnb hotels despite tax

By Amy Chen Foreign buyers are still snapping up homes in Vancouver to turn them into illegal short term rental hotels on Airbnb and other platforms despite the 15% foreign buyer tax imposed last year, an analysis of short term

Homes sell for well below asking as Metro Vancouver market slumps

By Amy Chen Homes are selling in Metro Vancouver for up to 20% below asking as the housing market continues to tumble, according real estate sales data. ThinkPol analysed a random sample of 54 detached house sales in Vancouver, West

Judy Graves vows to slap 50% Flipping Levy on Vancouver real estate speculators

By Amy Chen A former homeless advocate running for a council seat in Vancouver has pledged to slap a 50% Flipping Levy on real estate speculators on the city. The Flipping Levy is just one of the measures announced by

Investors dumping Metro Vancouver homes at a loss as bubble bursts

By Amy Chen Investors who bought homes in Metro Vancouver last year at the height of the bubble are dumping them at a loss to flee the market in a hurry as prices continues to tumble, recent sales listings show.

Christy Clark’s BC Liberals overpaid favoured donor $572 million to build bridge

By Amy Chen The former BC Liberal government under Christy Clark overpaid party donor Kiewit/Flatiron General Partnership more than half a billion dollars for the Port Mann Bridge project, documents reveal. While bridge was to be built under a fixed-price

Investors dumping Metro Vancouver homes at cost as prices plummet

By Amy Chen Investors who bought real estate in Metro Vancouver last year at the peak are dumping them at cost to bail from the market in a hurry as prices continues to tumble, recent property listings show. The dumping

Vancouver home being flipped for 25% profit a month after being bought

By Amy Chen A Vancouver property developer is attempting to a flip a home for 25% profit a mere month after buying it. Georges Mavroidis of Vancity Development Group Corporation bought the 2167 sq. ft. single family home at 3107

West Vancouver house prices stumble as Beijing hails currency crackdown a success

By Amy Chen West Vancouver house prices fell in August as China’s government declared its crackdown on illegal foreign currency outflow a success. Metro Vancouver’s most expensive community’s benchmark price dropped by 4.8% overall to $1,346,400 compared to August 2016[1]REBGV

Looking for below minimum wage domestic servant? There’s a govt funded app for that

Amy Chen A platform funded by both the federal government and Province of British Columbia is helping busy families find nannies, babysitters, house cleaners and other domestic helpers who are willing to work for less than minimum wage. Founded by