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House prices going through the roofr

In mid-November a house on Cedar Hill Road, not far from our apartment sold for $990,900. It was flipped in early May for $1,675,000 as a “development opportunity.”
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In mid-November a house on Cedar Hill Road, not far from our apartment sold for $990,900. It was flipped in early May for $1,675,000 as a “development opportunity.”

Someone profited to the tune of $4,000 per day – but was this money earned?

No wonder we have such a desperate housing situation here in southwest B.C. and such terrible prospects for young people trying to enter the market.

F. Mary Hogan

Saanich