Tag Archives: vanre

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

More than 3 in 4 Metro Vancouver homes sold below asking in November

By ThinkPol Staff The days when multimillion dollar teardowns in Metro Vancouver triggered bidding wars pushing the offers above the asking price seem to be over. Three in four detached houses in Canada’s once hottest housing market sold below asking

Flipper sues buyer who lost half a million selling waterfront property for loss

By ThinkPol Staff A Vancouver speculator who tried to make a profit of $200,000 through an assignment flip is now suing the eventual buyer, who allegedly owes him $600,000 after being forced to sell the West Vancouver waterfront property for

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

Whistleblower questions reliability of statistics published by Vancouver real estate board

By ThinkPol Staff A real estate industry whistleblower is questioning the reliability of Vancouver real estate statistics released by the realtors board. The insider claimed that Real Estate Board of Greater Vancouver’s unwillingness to subject their statistics to independent scrutiny

Many Metro Vancouver homes selling for a loss

By ThinkPol Staff Dozens of homes in Metro Vancouver bought in the last two years are currently listed to be sold for a loss as speculators appear to exit Canada’s hottest real estate market. An industry insider sent ThinkPol sales

Real estate developer nailed for tax evasion

By ThinkPol Staff A Metro Vancouver real estate developer has been sentenced to 12 months probation and fined $42,950 for tax evasion, the Canada Revenue Agency says. Harpreet Kaur Sidhu of Burnaby, British Columbia, the sole director and shareholder of

Foreign buyer tax stabilizes Metro Vancouver home prices – 2018 BC property assessment

By ThinkPol Staff Home prices in areas subject to British Columbia’s foreign buyer tax stabilized while the real estate market frenzy continued unabated in other parts of the province, according to a preview of the 2018 property assessment. Typical detached

Realtor boasts of entire triplex being run as Airbnb

By ThinkPol Staff A realtor listing an East Vancouver triplex for sale is boasting that the entire property is being run as an Airbnb hotel, which is a violation of Vancouver bylaws. An industry insider sent ThinkPol the Multiple Listing