Tag Archives: speculation
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
Flipper attempts 100% profit within a year on Coquitlam property
By ThinkPol Staff Update: Realtor blames typo for 6x attempted flip, claims markup is only 100% A real estate speculator is attempting to sell for $15 million a Coquitlam, BC property they bought for $7.1 million less than a year
More than 1 in 3 Yaletown condo sales appear to be flips
By ThinkPol Staff More than a third of all condos currently listed for sale in Vancouver’s Yaletown neighbourhood appear to be attempts at flipping by speculators. ThinkPol analyzed all 128 of the currently available MLS listings for condominiums in Yaletown