From the article: The report should surprise anyone who believes the many local narratives that foreigners are the driving force pushing condo prices much higher than their fundamentals would otherwise indicate. The CMHC does concede that foreign condo ownership is higher in downtown cores. ... Vancouver’s Burrard Peninsula has a foreign investor ownership rate of 5.8 per cent, compared with 2.3 per cent for the area as a whole.
Posted on: Tue, 16 Dec 2014 20:02:59 +0000
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