B.C. Premier PANICS as Developer COLLAPSES CRUSH Richmond Construction! скачать в хорошем качестве

B.C. Premier PANICS as Developer COLLAPSES CRUSH Richmond Construction!

🔥 FREE GUIDE: Avoid the 7 Critical Home Investment Mistakes destroying buyers right now: http://canadahousing.carrd.co Richmond BC's construction industry is collapsing under $360M in developer debt as seven major projects crash into receivership and foreclosure. This investigation reveals how Metro Vancouver's real estate crisis destroyed the Thind Properties Minoru Square development ($74.9M debt), Anderson Square's Prima/Alfa tower ($13.1M court judgment), Jingon International's Duck Island ($90.9M at 15.85% interest), and the Versante Hotel (sold at $61.5M loss). Official data from the Office of the Superintendent of Bankruptcy shows 283 real estate bankruptcies in BC during Q2 2024 alone. Rennie Intelligence reports 2,179 unsold condos in Metro Vancouver projected to hit 3,493 units by year-end 2025—the highest inventory in 24 years. Pre-sale transactions dropped 53% while 61% of projects can't secure construction financing. CBRE veteran Tony Quattrin handled 11 receiverships in 2024 versus 3-4 during the entire 2007-2008 financial crisis. Court-ordered sales now represent 22% of all transactions over $5M—double the 2024 rate. Housing starts fell 18% year-over-year despite Metro Vancouver needing 46,000 units annually but delivering only 26,000. This analysis examines development cost charges rising 235% (from $6,249 to $20,906), Bank of Canada rate hikes pushing developer loans to 12.24% interest, the 20% Foreign Buyers Tax, BC's population decline of 11,742 study permit holders in Q1 2025, and interprovincial migration losses as residents flee to Alberta where homes cost $695K versus Vancouver's $2.1M. Sources: Office of the Superintendent of Bankruptcy Q2 2024 data: https://www.ic.gc.ca/eic/site/bsf-osb... Rennie Intelligence Metro Vancouver market reports: https://rennie.com/intelligence Business in Vancouver developer insolvency coverage: https://www.biv.com/news/real-estate/... CBC News Richmond real estate crisis: https://www.cbc.ca/news/canada/britis... Storeys Vancouver development tracking: https://storeys.com/thind-properties-... CMHC Housing Market Data: https://www.cmhc-schl.gc.ca/media-new... BC Government housing policy announcements: https://news.gov.bc.ca/ Urban Development Institute industry statements: https://www.udi.bc.ca/ Every claim verified with primary sources. #realestate #britishcolumbia #vancouver #canada Disclaimer: We’re real estate enthusiasts—not licensed agents, appraisers, or financial advisors. All content is based on publicly available data, market observations, and personal opinions, and is shared for entertainment and general information only. Accuracy isn’t guaranteed. Always consult a qualified real estate professional, attorney, or financial advisor before making any property, investment, or relocation decisions.This video provides fact-based analysis without political bias—just economics, data, and real-world impact on families, developers, and the construction industry.