Foreign residents own nearly six per cent of downtown Vancouver - TopicsExpress

Foreign residents own nearly six per cent of downtown Vancouver condominiums and 2.3 per cent of condos in the Metro Vancouver region, according to a Canada Mortgage and Housing Corp. survey. The survey — part of CMHC’s fall rental market report — found that 5.8 per cent of condominium units in the Burrard Peninsula were owned by foreign buyers, compared with 3.4 per cent in the entire City of Vancouver.

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