Two Lower Mainland homes bought and then sold mere months la

Two Lower Mainland homes bought and then sold mere months later make $250,000 each in turnover


by Carlito Pablo on April 18th, 2021 at 10:58 AM
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You may be wondering how much speculation is going on in the red-hot real-estate market.
For sure you’ve heard of stories about buyers trying to outbid each other, homes getting sold way above their listed prices, and not enough listings to satisfy demand.
There are also a lot of opportunities to make a buck.
An economist has acknowledged that there could be a certain level of speculative activity happening.
Specifically, Robert Hogue with RBC Economics wrote on April 15, 2021 that rapidly rising home prices across Canada have “likely opened the door to speculative activity in several markets”.

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