Foreign buyers are leaving Vancouver en masse, instead heading to cities like Seattle and Toronto to invest in real estate, according to numbers provided to Global News from Chinese realty website Juwai.com. Juwai.com is “where Chinese find international property” according to their website. They claim to have over 2.4 million real estate listings across 58
Owners of empty homes in Vancouver could soon be paying as much as an extra two per cent tax on their properties, Mayor Gregor Robertson revealed this morning. While the tax is expected to generate $2 million a year in revenue for the city, Robertson stressed the primary aim is to encourage owners to rent out
The B.C. NDP housing critic condemned on Sunday what he called “the apparent indifference of our provincial government” to reports of tax evasion, fraud and money laundering in the local real estate market. David Eby, the MLA for Vancouver-Point Grey, accused the ruling Liberal government of inaction over the Vancouver housing market. Although a 15-per cent foreign
