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Tuesday, July 14, 2015

Luxury home buyers in Vancouver flipping houses to other desperate buyers before ink even dries on sale contracts

Rising demand has led to an increase in bidding wars, more sales over asking price and a greater number of “contract assignments,” where buyers sell their rights to a home before completing their purchases.
http://business.financialpost.com/personal-finance/mortgages-real-estate/luxury-home-buyers-in-vancouver-flipping-houses-to-other-desperate-buyers-before-ink-even-dries-on-sale-contracts

Photo courtesy of TOURISM VANCOUVER

Photo courtesy of TOURISM RICHMOND

Photo courtesy of CITY OF BURNABY

Photo courtesy of CITY OF NEW WESTMINSTER

Photo courtesy of CITY OF SURREY