This will have zero effect on affordability in Metro Vancouver. You'll notice that the Globe and Mail story never mentioned how many of these transactions have transpired in a given year. Why? Because that number is likely so low, that if they had mentioned it, and put it into context with the total number of transactions in the area in a given year, it would probably amount to less than a rounding error.
When Kathy Tomlinson, author of the Globe and Mail article on Shadow Flipping that sparked the recent debate, was asked by REW.ca at a public housing affordability forum in February whether she believed the mainstream media in general had a responsibility to include balanced and contextual information in its stories, such as citing the total number of real estate transactions when highlighting an issue that exists in a small segment of the market.
Her Response... "It's not our job to report on the good news. It's our job to cover the car crash."
If a seller is at all concerned that they may not be getting full value for their property, they should first be reflecting on whether or not they are working with the right agent. Ask them some questions, get some recent comps, request that you be allowed a second opinion.
Our contract also makes it very easy for a seller to eliminate the possibility of Shadow flipping by simply inserting the following clause into the Contract of Purchase and Sale...
"The Buyer agrees not to assign this contract in whole or in part to any third party."
One Sentence. Problem solved. In this market, the seller controls the transaction. If a buyer won't accept that clause, move on to the next offer.