Via/ http://www.theglobeandmail.com/
A Vancouver MLA is demanding that the B.C. government appoint an independent investigator to hold an inquiry into how the real estate industry is regulated after a Globe and Mail report outlined a technique in which Vancouver-area properties flip one or more times before a deal closes.
The technique, which brings profits for speculators but higher prices for buyers, has sparked a torrent of criticism in the province. “The investigation needs to be independent because the government has already said it doesn’t think there is a problem,” said MLA David Eby.
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