"Luxury tax" on property flippers might not be the solution to the housing affordability issues in the City of Vancouver. Most property flippers are purchasing properties from sellers with insufficient funds or inclination to carry out any mechanical, structural or cosmetic upgrades. By doing so they serve an important economic function of recycling older housing stock and providing funds to the sellers wishing to liquidate their assets.
UrbanTeam will help you invest wisely and prosper from your real estate investments
We have more than 15 years of real estate consulting, development and sales experience and we can help you maximize your returns from your real estate investments. We provide customized, strategic and value-focused residential and commercial real estate services, including sales and leasing, valuation and investment advisory services in Greater Vancouver and Fraser Valley Region.
Home mortgage interest rates are expected to trend upwards in 2015. This is primarily because of the anticipated growth in the economy as well as employment during the rest of 2014. It should be noted that, in spite of stronger global and domestic economic growth in the first half of 2014 the overnight interest rates were not revised upwards (at the end of second quarter 2014) by the Bank of Canada.