Real estate insider Jason Upton has been on the inside of the Vancouver real estate market for 20 years.
He has seen it all – the ups and downs of one of the hottest real estate markets in the world.
And while there are a lot of great things to say about the province’s real estate sector there are also a lot of disturbing things to say about it.
Listen to him as he talks about the price manipulation by foreign investors of Vancouver’s hot real estate market.
Vancouver is a city where lots and lots of people want to live so the demand for real estate will continue to be strong even there will be some price correction.
The Good, The Bad, The Ugly, Market Manipulation Of Vancouver Prices
The unsavoury side of the relationships between real estate developers and local politicians no matter what their political stripes are.
Developers constantly contribute to the coffers of local municipal political parties but no one really know how much they contribute. It’s all hush-hush.
New Government Tax Measures Are Working
Why he thinks the tax measures by the B.C. government and local government’s are having a cooling effect on real estate prices.
Why foreign ownership restrictions – such as in New Zealand – are an idea whose time has come, but it is unlikely they ever will happen in Canada.
For 20 years Upton worked as a real estate appraiser.
He often is quoted in newspapers and on television stations about the Vancouver real estate market.
In 1994 he joined the Appraisal Institute in 1994 and four years later he became a Canadian Residential Appraiser.
His expertise has seen him appraise thousands and thousands of real estate holdings from multi-million dollar homes to commercial real estate holdings totalling hundreds and hundreds of million of dollars.
His expertise is vast.
His fields of study include commercial building construction, real estate development, property management, building envelope performance, mediation, home inspection and e-commerce. These studies all took place at Langara College, BCIT, Simon Fraser University and the UBC Sauder School of business.
Professional memberships include the Appraisal Institute of Canada, the Real Estate Institute of Canada, the Mortgage Investment Association of BC, the Mortgage Brokers Association of BC and the Real Estate Board of Greater Vancouver.
Jason was appointed by the Provincial Assessment Review Panel by the Provincial Government for Vancouver West Side in 2008 and was reappointed as chairperson for all Vancouver condominium and multi family apartment building appeals in 2010. The appointment ended in 2017.