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The leaky condo crisis, also known as the leaky condo syndrome and rotten condo crisis, is an ongoing construction, financial, and legal crisis in Canada. It primarily involves multi-unit condominium (or strata) buildings damaged by rainwater infiltration in the Lower Mainland and Vancouver Island regions of coastal British Columbia (B.C.). In ...
"The Vancouver Model" is a way for Chinese organized crime to launder revenue generated primarily by fentanyl sales through casinos. [105] In 2016, Transparency International Canada found that 33% of the most valuable residential real estate in Vancouver was owned by shell companies and at least 11% have a nominee listed on their title. [106]
Bill 28, the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016, is a British Columbian law that came into force on August 2, 2016. The law was introduced after calls urging the British Columbia provincial government to intervene in the housing market and curb foreign investment that was seen as a major contributor to the rapid rise in home prices.
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As the price of single-family housing has soared to unprecedented levels in Vancouver, the number of new condominium sales has increased, along with prices. According to the Real Estate Board of Greater Vancouver, the benchmark price for a condo in July 2016 was $510,600 in the region, up 27.4 per cent from the same month in 2015. [6]
The event gathered real estate experts, local leaders and media members as they discussed South Florida’s condo crisis. After the deadly collapse of the Champlain Towers South in Surfside in ...
Bob Rennie was born in 1956 [1] and raised in East Vancouver on East 5th. His mother was a homemaker and waitress, and his father a truck driver for Carling Brewery. Rennie started selling East Side homes at the age of 19. He began selling condos in Vancouver in 1990 with Dan Ulinder, forming Ulinder Rennie Project Marketing.
Peter Wall (October 15, 1937 – March 2, 2025) was a Ukrainian-born Canadian businessman. He was 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.
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