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Tag Archives: Condo

Forfeiture of $2.8 million condo

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BC seeks forfeiture of $2.8 million condo It is owned by an alleged COVID-19 violator A civil action has been filed in British Columbia Supreme Court that could see the owner of a condo in Vancouver stripped of his property after allegedly violating COVID-19 restrictions. The director of civil forfeiture filed the claim last week [&hellip…

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How to maximize your ROI on a Vancouver condo flip

Vancouver has long been Canada’s most expensive real estate market, which can make flipping homes a tricky endeavour. In a city where the benchmark price of a detached house increased by 8.5% year-over-year in October to $1,523,800, condos and townhouses offer the best bang for your buck. According to Alice Yang, a real estate specialist, [&hellip…

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Careful, pre-construction condo investors. Lenders don’t like funding assignments

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Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece of paper appreciates faster than any completed condo unit in the city. Don’t worry about paying those exorbitant monthly maintenance fees, either. You [&hellip…

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