The Globe and Mail: Vancouver-area home flipping leads to call for inquiry

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Quoted from the article:

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.

Read the full article here: http://www.theglobeandmail.com/news/investigations/vancouver-area-home-flipping-leads-to-call-for-inquiry/article28641828/