Ghost Collateral, Shadow Banking & Vancouver Real Estate

in news •  last year

This is why you can not buy an empty lot right beside where the drug addicts hang out for under a $1,000,000.

You can use this link to try and find one under a million for yourself. The link edits out all houses over a million dollars, you can edit it as you wish.

https://www.realtor.ca/Residential/Map.aspx#CultureId=1&ApplicationId=1&RecordsPerPage=9&MaximumResults=9&PropertySearchTypeId=1&PriceMax=1000000&TransactionTypeId=2&StoreyRange=0-0&BuildingTypeId=1&BedRange=0-0&BathRange=0-0&LongitudeMin=-123.44667434692354&LongitudeMax=-122.62407302856417&LatitudeMin=49.084309730869975&LatitudeMax=49.37263621281822&SortOrder=A&SortBy=1&viewState=m&Longitude=-123.078804016113&Latitude=49.2494309623209&ZoomLevel=12&CurrentPage=1&PropertyTypeGroupID=1

Just how shady is Vancouver's Real Estate Market? Where does the money come from and what would happen if the government and police cracked down on all the illegal transfers of money into the province?

Guest: Sam Cooper - Investigative reporter and writer with the Vancouver Sun
https://omny.fm/shows/the-jon-mccomb-show/ghost-collateral-shadow-banking-vancouver-real-est

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I believe the veneer is cracking. It won't be long.....

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I think so too. That 15% tax on empty houses kicks in in 2 months. Already there is a huge buying spree in places that are valued at over 1,000,000 that have people living on them like RV parks and apartment buildings that are outside of Vancouver.