[:en]Vancouver, British Columbia – November 22nd, 2016 – BC real estate license tutorial school Benson Wang explores the booming real estate market in Vancouver and the effects that the “shadow flipping” technique is having on this landscape.
Last month, the Canadian Real Estate Association reported that housing prices in the greater Vancouver area climbed by more than 20 percent on average in the last year alone, increasing the country’s growth as a whole. This is causing many homes to reach prices unaffordable to those with average incomes, making much of the market inaccessible to them.
To make matters worse, a technique called “shadow flipping,” whereby a home is sold repeatedly in order to increase its price and the real restate agent’s commission, is also becoming used more often, making homes even more unaffordable for many.
Don Campbell, the founder and senior analyst at the Vancouver-based Real Estate Investment Network, claims that shadow flipping occurs wherever there’s a hot market.
“Wherever the market is going down or declining, the practice decreases dramatically,” said Don Campbell, the founder and senior analyst at the Vancouver-based Real Estate Investment Network. “When the market and values are moving so quickly in an upward direction, that’s when people seize these opportunities.”
Getting your BC real estate license can be tough, but what comes after requires just as much effort and determination. Benson Wang offers various resources to keep you in touch with all of the current trends in the real estate market. For more information or further questions, give them a call at (778) 686-8555 and they will answer any questions that you may have.
About Benson Wang’s Real Estate & Mortgage Tutorial School
With comprehensive licensing courses and reports on the latest happenings in the industry, Benson Wang in a great resource for those in the industry as well as individuals looking to break into it. For more information, visit /.[:]
