Condo for sale in scarborough town centre . 670000 buy Condo 1.77 million for sale! In recent years, the property market in Dawen has continued to flourish, with the price of Condo rising sharply. Some people complain that they are unable to “get on the bus”, while others are accused of speculating.
According to the information collected by Gregor (Corrupt Gregor) (, a Vancouver resident who spontaneously monitors property transactions, a buyer bought a Condo flat in Richmond for nearly $700000 six months ago and now sells it for almost $2 million, which is suspected of speculation. In other words, if the property is successfully sold at the asking price, the buyer can make a profit of more than twice as much. Gregor said he had high hopes for the introduction of measures to crack down on property speculation in the budget to be announced next month by the new democratic government of BC.
According to the real estate website ThinkPol, the British Columbia property valuation Agency (BC Assessment) records show that the property is located at 8633 Richmond Capstein Road and belongs to the development project Sorrento, of famous developer Pinnacle International. The buyer bought the four-bedroom and four-bathroom Condo unit for 673709 yuan in July 2017.
Recently, the buyer put the unit for sale with an asking price of 1.99 million yuan. Data commonly known as the computer disk multiple listing service (MLS) show that this is the third time that the property has been put up for sale in the past two years.
Twitter user Gregor initially reported suspected property speculation in Vancouver to the Canadian Inland Revenue (Canada Revenue Agency), but now he has extended the report to Richmond.
Gregor criticized that real estate speculation is seriously damaging the entire city. At the same time, he described Wenshi as the capital of white-collar crime such as money laundering and tax evasion. While the criminals get a huge amount of money, it is difficult for honest and hard-working residents to find a place to live. He also believes that the housing crisis in Wenshi is one of the main factors leading to the opium drug problem.
Gregor continued that the federal, British Columbia and Wenshi governments had repeatedly said they would crack down on real estate speculation, but did not take any concrete action, making Wenshi the most affordable city in North America.
Gregor pointed out that the real estate industry had made generous donations to the former Governor of British Columbia, Jane Huizhi (Christy Clark), and his BC Liberal Party. To this end, the BC Liberal Party government has undoubtedly turned a blind eye to speculation in return.
In addition, Gregor said that some provincial people voted for a political party other than the Provincial Liberal Party in the provincial election in May last year, hoping that another political party would come to power, bring a new atmosphere and prevent the hard-working BC people from being swallowed up. He also said that he Jin (John Horgan), the provincial governor, understood that the provincial New Democratic Party could not go back on its election promises, so he was confident that the budget to be announced next month would include measures to combat property speculation. However, it is not illegal to speculate on property and file a truthful tax return.
