Tag Archives: vanre
Immigration scams, tax evasion and mortgage fraud: Court case reveals Vancouver foreign buyers’ dirty tricks
By ThinkPol Staff A legal wrangle between two families from China over multi-million dollar homes in Vancouver Westside and the funds transferred to buy them offer a rare glimpse into the questionable strategies used by foreign buyers in the lower
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