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James Wong Personal Real Estate Corporation
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Real Estate For Life
Real Estate For Life

124 followers
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James Wong's posts

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Vancouver selling system for multiple offers

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Popping The Vancouver Housing Bubble
http://www.realestatesrichmond.com/richmond-real-estate-april-housing-report

With such huge run-up in home prices in Vancouver, the bursting of the housing bubble will cause terrible carnage to the lives of homeowners who are heavily indebted.

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Home Ownership And Family Wealth
soldin28days.net

Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. According to their latest survey, here is how much value that $250,000 house will gain in the coming years. Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.

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Vancouver Housing Market Is Insanely Expensive
bestcanadianproperties.com

Curbing demand for second home ownership by implementing restrictive lending and higher taxes for second homes would help to discourage owning real estate as investment rather than shelter for the residents.

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8 Reasons For Crazy Vancouver Home Prices
http://vancouver-realestates.com/

Vancouver’s real estate market is messed up. It’s really messed up. As a result it’s attracted a lot of attention. From media reports, to provincial scrutiny, to self-regulatory board actions, Canada’s most expensive real estate market is under the proverbial microscope. But what do we know for sure? Here’s a round-up of eight factors that are helping to push prices through the stratosphere in Vancouver and the lower mainland.

Read more: http://www.moneysense.ca/spend/real-estate/8-factors-that-really-mess-up-vancouvers-real-estate-prices/

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Complaints On Vancouver Homes Sold By Assignments
http://vancouver-realestates.com/

As part of an ongoing investigation into the phenomenon, The Globe and Mail examined scores of transactions and hundreds of records, and spoke with more than a dozen real estate agents and observers to understand the role of assignments in the Vancouver market. Assignment sales happened when feverish real estate prices triggered a frenzy of buying and selling.

Read more...http://www.theglobeandmail.com/news/investigations/the-real-estate-technique-fuelling-vancouvers-housing-market/article28634868/

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Great looking font for free download

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Vancouver homes can be used to launder money
http://soldin28days.net/

In addition to Fintrac’s findings, The Province and other media have uncovered cases showing that realtors, unlicensed brokers and circles of investors are involved in shady flip deals which can allow investors to launder money and dodge taxes while insider agents score excessive fees and rip off clueless sellers.

Read more...http://vancouversun.com/news/local-news/real-estate-scams-need-high-tech-attention-say-vancouver-and-canadian-experts

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China is buying Canada: Inside the new real estate frenzy
http://soldin28days.net/

"In the past five years, the flow of money from mainland China into Canadian real estate has reached what many consider dangerous levels, contributing to a gold-rush atmosphere in the nation’s leading cities, while stirring anger among young, middle-class Canadians who feel shut out of their hometown markets."
Read more...http://www.macleans.ca/economy/economicanalysis/chinese-real-estate-investors-are-reshaping-the-market/

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Vancouver Is Hollowing Out!
http://vancouver-realestates.com/

"Vancouver is getting hollowed out. We’ve become this one-industry town. We’re becoming more and more akin to a resort community. We’re becoming a place where people come to retire, to go to school, to go on holidays, but not to live and to earn an income that can afford housing here".

"The fact that we’ve got such low levels of income demonstrate that. We should not be a city that has the highest levels of wealth in Canada and some of the lowest incomes. That’s just not right."

A MacCleans interview with Ian Young.
http://www.macleans.ca/economy/economicanalysis/ian-young-on-vancouvers-freak-show-housing-market/
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