With a one-two-three punch, this could be the end of speculative fever in CoV...
"Gregor Robertson proposes giving locals 1st shot at new condos
Mayor suggests modelling policy on 2016 agreement in West Vancouver
... In an investigation last year, the Globe and Mail revealed major Vancouver developers were privately selling prebuilt condos to friends and family before offering units up to the general public.
This practice allowed the buyers to reassign their contracts to new purchasers at higher prices before the deal closed.
Earlier this year, the Canadian government began a series of actions in federal court, in a bid to force developers to provide details about buyers who flipped presale contracts before construction was completed."http://www.cbc.ca/news/canada/british-c ... -1.4344434