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I had an interesting conversation with a friend this week. His brother recently bought a new build condo in South Vancouver that was listed for $1,080,000. The realtor for my friend's brother said the developer was offering a $130,000 discount credit on the purchase of the $1,080,000 property. The $130,000 credit was made through a separate addendum to the purchase agreement so the sales transaction shows up as $1,080,000 on the purchase records and I assume MLS. How common is this done by developers to artificially inflate the selling prices of their properties on the MLS?
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