Open Housing - Page 11 of 14 - Real estate data transparency

A subprime mortgage lender who lent to a woman who bought multiple multi-million dollar Vancouver Westside properties is foreclosing on three of her homes. Reliable Mortgages Investment Corp has listed two Shaughnessy mansions and one Mount Pleasant duplex belonging to Xing Xiu Hua alias Xingxiu Hua as foreclosure sales. BC Supreme Court ordered the sale […]

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Big flop: How to lose $1.68 million within two years

September 6, 2019

A West Vancouver property has been flipped within 21 months for a staggering $1.68 million-dollar loss. The numbered company 1141975 B.C. LTD. bought 3560 Creery Avenue, West Vancouver for $8,480,000 on November 8, 2017. The owners put it back on the market on June 3, 2019, for $7,488,000 with Angell Hasman (E.Christiansen) Realtor Eric Christiansen […]

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Metro Vancouver detached home sale volume plummets 83% from peak

In the 30 days leading up to March 15, 2016, Metro Vancouver detached home sales volume averaged a staggering $159 million dollars a day. In the 30 days leading up to August 30, 2019, the figure had dropped to just $26 million –– an 83% plunge. This represents a year-over-year drop of 21% across the […]

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Incredible views meet tax avoidance opportunity at this West Vancouver property

A West Vancouver property is being advertised as offering both incredible views and an opportunity to avoid taxes using the bare trust loophole. “Incredible opportunity to purchase an incredible view lot in situated on a private cul-de-sac in an amazing location,” reads the listing for The bare lot at 5644A Westport Road in Eagle Harbour. […]

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Metro Vancouver detached house prices fall to lowest level since 2016

Metro Vancouver detached house prices fall to lowest level since 2016, marking a 20% drop from the March 2018 peak. The Open House Home Price Index for Metro Vancouver condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 10% year-over-year, the August preliminary update shows. In the City of […]

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Metro Vancouver condo prices fall to lowest level since June 2017

Metro Vancouver condo prices fall to lowest level since June 2017 marking a 16% drop from the March 2018 peak. The Open House Home Price Index for Metro Vancouver condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 8% year-over-year, the August preliminary update shows. Vancouver In the City […]

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Scores of Vancouver condo flips headed for a loss

Scores of Metro Vancouver condominium flips currently on the market are headed for a loss, including a “never lived in” unit at a Westbank tower, which was aggressively marketed offshore with a large chunk of the presales going to flippers. OpenHousing defines a flip as a property bought and sold within three years without rebuilding […]

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Dozens of Metro Vancouver house flips header for a loss

Dozens of Metro Vancouver house flips currently on the market are headed for a loss, with the sellers pricing the properties well below what they originally paid for them. OpenHousing defines a flip as a property bought and sold within three years without rebuilding or renovating substantially. A number of these are foreclosures or court-ordered […]

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Metro Vancouver flippers flopped over summer

Flippers in Metro Vancouver flopped through summer 2019, with many selling for double digit percentage losses. All detached property flips over the last 90 days in Vancouver, Richmond, Burnaby ended up with the seller getting less than what they originally paid for the property. OpenHousing defines a flip as a property bought and sold within […]

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Metro Vancouver detached prices showing sharp declines in August

Metro Vancouver detached prices are showing sharp declines in August, with sellers slashing prices by as much as half to get out of the market. The Open Housing Home Price Index for Metro Vancouver detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 11.8% year-over-year, the August mid […]