Tag Archives: speculation

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

Richmond city official flipping condo for 2x within year

By ThinkPol Staff A Richmond city official is trying to flip a condo within a year of buying it at twice the price she paid for it, Thinkpol has found. City of Richmond Community Facility Co-ordinator Renata Turick bought the

BC Green leader to prod government into seizing homes of money launderers, tax evaders, real estate racketeers

By Drew Penner The BC Green party wants the province to start seizing the homes of foreign buyers involved in criminal activity as the NDP government waffles on the legality of such a move. In response to a ThinkPol article

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

“Go after the money launderers, illegal real estate flippers, scammers, tax evaders” ‒ British Columbians respond to budget consultation

By ThinkPol Staff British Columbians want the government to go after money launderers, tax evaders, speculators and other fraudsters operating in the province’s real estate market, public responses to the governing NDP’s 2018 budget consultation show. Premier John Horgan’s government

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

Ottawa vague on helping City of Vancouver curb housing speculation

By Lisa Tanh The Government of Canada is releasing few details about federal measures to help City of Vancouver monitor and curb speculation in the housing market. On Nov. 29, Vancouver City Council approved their planning, urban design and sustainability

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