Category Archives: Uncategorized
Istuary CEO sued for fraud, believed to have fled to China with investor money
By Amy Chen The CEO of the troubled Vancouver-based tech company Istuary is being sued by a lawyer who invested money in the firm. Vancouver Lawyer Joe G. Carangi, who invested $138,000 in Istuary Investment Fund, is alleging that CEO
China-linked tech company approved by Ottawa to offer immigrant visas stops paying workers
By Amy Chen A Vancouver-based tech company with links to China and designated by Ottawa as one of the business incubators under the Start-up Business Visa pilot program has not paid its North American employees since May, according to the
Criminally charge BC Liberal donor who got away with small fine for causing construction worker’s death, petition urges
By Amy Chen The former BC government refused to pursue criminal charges against a major BC Liberal donor whose serious and repeated violations of health and safety rules were ruled in March as causing the death of a construction worker
Onni claims Hong Kong promotion was unauthorized, promoter received award from Onni
By Amy Chen Vancouver developer Onni Group has responded to weekend’s ThinkPol article about 1335 Howe condo being sold to Hong Kong residents for “cheaper than in Canada”, claiming that the promotion company acted without authorization, even though the promoter
Vancouver developer pre-sells condos for “cheaper than in Canada” in Hong Kong, boasts of “pricing ordinary Canadians out of the housing market”
By Amy Chen Vancouver developer Onni is pre-selling the upcoming 1335 Howe condominium at a Hong Kong fair for prices “cheaper than if bought in Canada,” while boasting about pricing ordinary Canadians out of the housing market. “Every buyer who
International speculators play Vancouver’s real estate market through subprime mortgage lenders avoiding foreign buyer tax
By Amy Chen International speculators are gambling on Vancouver’s real estate market without having to pay the 15% foreign buyer tax by investing in subprime mortgage lenders, who in turn offer high-interest mortgages to Canadians to buy homes. Wealthy investors
Realtor gets caught trying to make $400,000 illegally shadow flipping, gets fined $8,000
By Amy Chen A Vancouver Realtor who got caught trying to make $400,000 illegally shadow flipping a property in addition to a slew of other illegal activities has been fined a $8,000 and given a 45-day licence suspension by the
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
Non-resident buyers snap up Vancouver homes to run illegal Airbnb hotels despite tax
By Amy Chen Non-resident 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