Month: February 2022
Uncategorized
$3.4 billion worth of homes flipped in Vancouver during pandemic
The pandemic is bringing misery to millions of Canadians as Covid-19 leaves tens of thousands dead, economic turmoil, and political upheaval in its wake. But for real estate flippers, this global health crisis has proven to be a boon. Real estate speculators have flipped ‒ bought and relisted a property within 12 months ‒ a […]
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Featured
City of Vancouver renews Airbnb operators’ licence even after Supreme Court ruled they wrongfully evicted a tenant to make way for short-term rental
The City of Vancouver has renewed a short-term rental operators’ business licence even after the Supreme Court of British Columbia ruled that the pair had wrongfully evicted a tenant to list the rental unit on Airbnb. Last year, the Supreme Court upheld the Residential Tenancy Branch (RTB) decision to award $14,500 to a tenant against […]
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Featured
Metro Vancouver detached prices reach all time high in January
Metro Vancouver detached home prices started the new year with a rally, reaching an all time high in January 2022. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 11.38% year-over-year, the January month-end update shows. This represents an increase of 5.08% […]
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