Critics say Premier Christy Clark’s promised crackdown on shadow flipping will do little to cool down Metro Vancouver’s overheated housing market, reports the Vancouver Sun.
UBC real estate economist Tom Davidoff said that a link between this practice and high prices is unlikely. “[Y]ou don’t see shadow flipping in Manitoba, or Newfoundland, you see it here. Why? Because you have a dynamic market with a lot of uncertainty about what homes are really worth.”