Tag Archives: vanre

Most Vancouver houses sold for below assessed value in February

By ThinkPol Staff More than half of all Vancouver detached houses sold for below assessment in February, with some going as low as 24% below, MLS sales data show. The MLS sales data, jealously guarded by the real estate industry,

Single investor bought up 10 out of 91 townhouses as presales in Richmond project using numbered companies, court case reveals

By ThinkPol Staff A single investor, using numbered companies, bought up 10 out of the 91 townhouses as presales at a development project in Richmond, BC, according to a recently concluded BC Supreme Court case. In 1042056 B.C. Ltd. v.

Housing First helps homeless people with mental illness, addiction, Canadian studies confirm

By Marina Wang Studies published over the past year have found the Housing First strategy to be effective across age groups, as well as for persons with substance use disorders and mental illness. The Housing First strategy, first developed in

Vancouver investor buying up properties to run illegal Airbnb hotels

By ThinkPol Staff A Vancouver-based real estate investor is buying up properties in the city and turning them into illegal Airbnb hotels, even as the city grapples with a worsening housing crisis. An internet detective uncovered how the woman, who

Vancouverites urged to occupy Airbnb units and demand tenancy rights

By ThinkPol Staff Citing lack of action by the City of Vancouver in cracking down on illegal short term rental in the city, housing rights activists are urging Vancouverites to take matters into their own hands by occupying Airbnb units

West Vancouver mansion-owning satellite family to be deported after judge dismisses review

By ThinkPol Staff A so-called “satellite family” from China involved in immigration fraud, who bought a multimillion dollar mansion in West Vancouver after immigrating to Canada through the Quebec investor program, are to be deported after a judge threw out

Increasing property prices force Robson street businesses into bankruptcy

By Lisa Tanh Vancouver-West End MLA Spencer Chandra Herbert says small business owners on Robson Street are struggling to pay their bills because of high-density upzoning and increased property prices. Last Thursday, Chandra Herbert spoke at the B.C. legislature on

Anger over “overseas owner” flipping empty condo in Vancouver

By ThinkPol Staff A leaked realtor’s view of an “overseas owner” flipping their empty condo in Vancouver is being met with anger by Vancouverites. “OWNER IS OVERSEAS. ALL OFFERS PLEASE ALLOW 48 HOURS TO RESPOND.” the realtor’s notes section in

Asking home prices fall by double digits in Metro Vancouver as BC budget begins to bite

By ThinkPol Staff Asking prices for homes in Metro Vancouver are falling ‒ in one case by as much as 73% ‒ suggesting that budget measures announced by the NDP government to promote affordable housing by tackling rampant crime, corruption

Chinese family who tried to immigrate to Canada by purchasing property conned by friend, BC court case reveals

By ThinkPol Staff A family from China who tried to immigrate to Canada under British Columbia’s investor immigration program by purchasing lower mainland real estate ended up being cheated by their childhood friend, according to a recently concluded BC Supreme