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"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]
The commercial real estate collapse has been most evident in the office sector, with vacancy rates at nearly 1.5 times the amount than at the end of 2019, according to a report by real estate firm ...
Better Dwelling was founded in 2017 as a real estate news service that used artificial intelligence to assist with its data journalism. It was co-founded by Stephen Punwasi. In 2017, the company began a daily news syndication service carried by mainstream news publishers such as Business Insider, HuffPost, [2] and Maclean's. [3]
The hybrid-work trend and high interest rates have sent commercial real estate values crashing in major cities, with Morgan Stanley warning earlier this year that office prices could face a 30% ...
The Vancouver Building By-Law included this requirement in its 1996 edition and the BC Building Code in 2006 for coastal climates. [39] [40] A 5-year scientific study on residential building envelopes in Vancouver was undertaken between 2001 and 2006. Its conclusions reported on the benefits of rainscreens in exterior wall assemblies.
Up Next: Become a Real Estate Investor for Just $1K Using This Bezos-Backed Startup Housing expert Graham Stephan recently told his 4.75 million YouTube subscribers that a housing crash may be ...
Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
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.