Month: May 2021
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Metro Vancouver detached prices reach new all-time high in May
Metro Vancouver detached prices rallied in May 2021 to reach a new all-time high breaking the record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 15.40% year-over-year, the May preliminary month-end update shows. This represents an […]
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Flippers make $165K flipping downtown condo during pandemic with copy-and-paste listing
A pair of flippers in Vancouver have made a cool $165,000 flipping a downtown condo during the pandemic with a mostly copy-and-paste sales listing. Student Lola Pearl Quinn and technical recruiter XiuQi Wang bought the condo at 310-933 Seymour Street for $565,000 in October 2020, according to public records. A little over six months later, […]
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Vancouver realtor makes $420K flipping home during pandemic
A Vancouver realtor has made $420,000 flipping a heritage home in Vancouver’s Kitsilano neighbourhood. Keith Roy of RE/MAX Select Realty bought the heritage home at 1829 Stephens Street for $1,430,000 in April 2020, according to public records. Seven months later, Roy listed the property for $1,998,000, but failed to find a buyer. Roy re-listed the […]
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Flipper makes $400K flipping brand new Vancouver home during pandemic
A flipper has made $400,000 dollars flipping a brand new home in east Vancouver’s Sunset neighbourhood. Weijian Liang bought the brand new home at 418 East 56th Avenue for $2,200,000 in July 2020, according to public records. Nine months later, Liang listed the property for $2,490,000, only to take it off the market at and […]
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Nearly half a billion dollars worth of homes flipped during the pandemic in Vancouver
Vancouver area Speculators flipped almost half a billion dollars worth of homes so far during the pandemic, an analysis of regions real estate data shows. MetroVancouver speculators have to date flipped a staggering 460 properties worth $490 million since the World Health Organization (WHO) declared COVID-19 a pandemic on March 11, 2020. OpenHousing defines a […]
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Metro Vancouver detached prices to reach another all-time high in May
Metro Vancouver detached home prices are projected to reach yet another all-time high in May 2021 breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – are expected to rise 14.19% year-over-year, the May early […]
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Metro Vancouver detached prices reach another all-time high in April
Metro Vancouver detached home prices reached yet another all-time high in April 2021, breaking the previous record set just a month earlier. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 14.79% year-over-year, the April month-end update shows. This represents an increase […]
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