Daily Archives: August 11, 2017

Seller boasts of “NEVER LIVED-IN” 10-year-old condo in North Vancouver

Source: Seller boasts of “NEVER LIVED-IN” 10-year-old condo in North Vancouver

By Joyce Yip

For a mere $1.15 million, you, too, could be the owner of a 10-year-old North Vancouver condo with a unique selling point: it has never been lived in.

The three bedroom three bathroom unit at Lonsdale Pier is owned 366466 B.C. LTD., INC., whose ownership appears to be murky.

“Pinnacle Living at THE PIER Development: South facing 3 bedroom + den townhome, 3 full baths, NEVER LIVED-IN, functional layout, Main Level living, dining & bedroom with semi-ensuite bathroom, patio & balcony,” according to the MLS listing, which notes Anson Realty’s Grace Kwok as the primary agent.

The number of empty houses continues to grow sharply as Metro Vancouver grapples with an affordable housing crisis.

The percentage of “non resident” homes – empty or occupied by a foreign or temporary resident – double from 3% in 1986 to 7% in 2016 in the region.

366466 B.C. LTD was once a fully-owned subsidiary of the now bankrupt Shieldings Incorporated, a merchant bank partially owned by The Bank of Nova Scotia.