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The Cullen Commission estimated that in 2019 alone, $5.3 Billion of illicit funds was laundered through the Vancouver real estate market, which increased housing prices by 5%. [ 104 ] "The Vancouver Model" is a way for Chinese organized crime to launder revenue generated primarily by fentanyl sales through casinos .
Housing inventory has been low since the last real estate housing market crash in 2008. This also led to a decrease in new home construction. This combination makes it a much more competitive market.
Goldman Sachs: Home prices to fall 21% in New Zealand, 18% in Australia, and 13% in Canada.
The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the way to the housing market crash: Home values ...
He is a property developer in Vancouver, British Columbia, Canada, who, in the 1990s and 2000s, played a significant and controversial part in the city's real-estate boom. He has been described as "a leading contributor to Vancouver's 'City of Glass' reputation" during a period in which the city's skyline has been transformed, along with its ...
Vancouver's planning process and Vancouverism have been widely criticized, including by prominent members of the planning and architectural communities in Vancouver, such as Patrick Condon, Scot Hein and Bing Thom, for a variety of reasons. Development potential on a site is typically divided into two categories, "outright" and "discretionary".
Dorman also agrees early 2023 is likely to see a stronger spring market than the fall market. Prices may stagnant or fall in some markets, but the shifts should be nothing like what we have seen ...
Macdonald employs over 1,000 associates and staff members in its 20 offices throughout the province. The company's head office in Vancouver was recently named the top grossing brokerage office in the Vancouver Metropolitan Area by the Real Estate Board of Greater Vancouver and is one of the largest single brokerage offices in British Columbia.