Just how many foreign home buyers are in Metro Vancouver?
CBC News | Posted: June 17, 2018 2:00 PM | Last Updated: June 17, 2018
That's a complicated answer, since Statistics Canada only recently started tracking it
If you ask what's to blame for Vancouver's hot housing market, many people will point to foreign buyers.
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It's tempting to blame the real estate debacle on foreign buyers, but the facts don't necessarily support this.
Partially, that's because there isn't good data to support this. Statistics Canada has only recently started tracking non-resident buyers in Canada.
So what do we know?
Watch the video with CBC's Bal Brach to see what that data tells us about foreign ownership in Vancouver.
If you are interested in more stories about Vancouver's real estate market, check out CBC's new podcast, SOLD! Host Stephen Quinn explores how foreign investment in real estate divides community, class and culture. Find it at CBC Podcasts or Apple Podcasts.