RSS

"Luxury tax" on property flippers might not be the solution to the housing affordability issues in the City of Vancouver. Most property flippers are purchasing properties from sellers with insufficient funds or inclination to carry out any mechanical, structural or cosmetic upgrades. By doing so they serve an important economic function of recycling older housing stock and providing funds to the sellers wishing to liquidate their assets.

Read
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.