#vanre #bcpoli "The annual 2% tax against a satellite family’s assessed home value is designed to bridge a policy gap that has led to tax avoidance attributable to trends in global migration and the internationalization of B.C. real estate."

#vanre #bcpoli @gcaw "In essence, satellite family breadwinners earn income abroad while having their families live in B.C. The household thus pays little income tax in Canada but utilizes social services, the bulk of which is paid for by such taxes."

#vanre #Cdnimm "He also encouraged the women to have his children – in two cases flying the pregnant women to other countries so they could give birth there and obtain citizenship for their children – while conducting similar relationships with the others"

#vanre #bcpoli "Journalist and author Tom Hawthorn observed, 'Next thing you know they’re going to be complaining about champagne corks damaging the priceless paintings aboard their yachts.'"

#vanre @scoopercooper began this story, here's the ending: "The decision means the estate of Gang Yuan -– who left no will when his body was found chopped up in his British Properties mansion – will be split among his 5 children from 5 different mothers"

#vanre @JaneSeyd "Yuan gained permanent resident status in Canada through marriage and subsequent divorce from a sixth woman, which Myers described as 'clearly an immigration fraud.' Yuan led a lavish lifestyle, which none of the witnesses knew much about"

#vanre @fumano “'It’s where speculation occurs before a stick of housing goes up … Property values go up first before the buildings,' @Ayan604 said. 'We don’t mind the increase in density,' Tennant said Thursday. 'The speculation is the problem.'”

#vanre #vanpoli "Hundreds of landlords still flouting the law almost a year after Vancouver introduced rules around short-term rentals. @rohanarezel says a quick scan of 4,000 units listed on the site showed at least 800 in clear violation of the bylaws."

#vanre This is hopeful: “Compared to last year, we are expecting an increase in luxury sales activity,” said Royal LePage Real Estate. “Price reductions and increased selection in Greater Vancouver are expected to stimulate the luxury property market.”

#vanre "Government measures to reduce overseas buyer demand and cool the market were seen as partly responsible for this decline. Chinese nationals, an important luxury buyer, have seen restrictions placed on their ability to transfer wealth to Canada.”

#vanre @estebanduarte4 "Canadians are ramping up borrowing against their homes even as the real estate market slumps. Helocs, reached a record $243 billion as of Oct. 31, or 11.3 per cent of total household credit, the highest share since mid-2015"

#vanre A lot of density for Dollarton North Vancouver : "The plan calls for 1,120 homes. Darwin proposed the NSID as an 18-building complex on 45 acres of mostly treed land with buildings up to eight storeys high."

#vanre #vanpoli @Naoibh "It’s one of the first rental towers to be built along Robson in decades, 'in a city that’s in need of rental housing and in a neighbourhood of luxury condominiums,'" @kennedystewart

#vanre @BetterDwelling "Condo prices are down over 6% from peak. The price of a condo in Vancouver is coming down. The market is finally cooling, but it’s doing so very quickly. This is the twelfth consecutive month the annual pace of growth has declined."

#vanre "In the third quarter of 2018, the average price per square foot for a newly launched Vancouver area condo was $839, down 10% from the same period a year earlier. The inventory of units on the market are up 9%, it amounts to four months of supply."