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Vancouver condo rush sparks mass flipping frenzy

Local and offshore buyers are snapping up units that are not yet completed; analysts fear the flipping trend could lead to a market crash

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Under pressure to crack down on presale flipping, British Columbia's government says it is reviewing its policy "to close speculation loopholes, and reduce tax fraud" in real estate.

Vancouver

THE condominium market has turned red-hot in Vancouver, with agents saying local and offshore buyers are snapping up units that are not yet completed, even as a foreign buyer tax has sent detached home sales plunging.

Condo prices have escalated so quickly that some

sentifi.com

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