News roundup of the biggest stories in Vancouver real estate from the past week including a report by Bloomberg showing Chinese investors snapped up 33% of all Vancouver real estate in 2015, plus the real estate board triples fines for realtor misconduct and the Premier promises a crackdown on shadow flipping. Oh, and prices in the city continue to accelerate, especially for downtown condos.
The area around Vancouver's former Olympic Village continues its rapid transformation, with new buildings opening up and thousands of residents moving in. There are also other big changes in the works including the new Emily Carr University of Art + Design, and developments from Onni including Canvas and Block 100.
A controversial proposal for a new condo building in Chinatown has been re-worked for a third time.
Beedie Living is proposing a 13 storey building at 105 Keefer St., combining market residential and seniors social housing. Any development in the area is controversial, and especially this site, as it overlooks the Dr. Sun Yet Sun Garden and is directly in front of the Chinatown Plaza.