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