The Yaletown area of Vancouver, Canada. The city’s condominium market is surging, with many buyers happy to buy and immediately resell unfinished units to profit from rising prices, a practice known as “flipping”. Photo: Xinhua

Speculation rampant in Vancouver’s red-hot condominium market

The practice of “flipping”, or buying and immediately reselling a property, is fuelling price surges and could draw a government crackdown

Topic |   International Property
The Yaletown area of Vancouver, Canada. The city’s condominium market is surging, with many buyers happy to buy and immediately resell unfinished units to profit from rising prices, a practice known as “flipping”. Photo: Xinhua
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