Month: June 2021
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Metro Vancouver detached prices to come off record highs
Metro Vancouver single family detached home prices are projected to come off all time highs in June 2021, after seven months of continuous growth. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – is still expected to rise 11.05% year-over-year, the June mid-month […]
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Tribunal upholds $14,500 award for tenant wrongfully evicted to make way for Airbnb
The Supreme Court of British Columbia has dismissed a judicial review of a Residential Tenancy Branch (RTB) decision to award $14,500 to a tenant wrongfully evicted by the landlords who went onto list the rental unit on Airbnb. The landlords Robert Blouin and Leslie Ng had contested the decision by June 2020 decision by the […]
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Vancouver mansion linked to Bridging Finance self-dealing scandal flips for massive loss
A Vancouver mansion linked to the troubled Toronto-based private lender Bridging Finance Inc has been flipped for $800,000 less than what the seller paid for it six months ago. Property records show that the numbered company 1283942 B.C. LTD bought 1716 Drummond Drive in Vancouver’s tony Point Grey neighbourhood for $12.3 million in December 2020. […]
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Flipper makes $450K flipping Vancouver home through numbered company during pandemic
A flipper has made $450,000 dollars flipping a heritage home in East Vancouver’s Collingwood neighbourhood using a numbered company. 1298773 BC Ltd bought the 1914-built home at 2447 East 41st Avenue for $1,050,000 in April 2021, according to public records. Three days later, the numbered company listed the property for $1,499,000. The property sold on […]
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