Foreign Owned Real-Estate

While we had some idea a couple days ago about a report from the Canadian Mortgage and Housing Corporation about foreign investment in Vancouver, we now have concrete dollar amounts as well as how we compare to the rest of Canada.

Seventy-five billion dollars. That’s the amount of real estate in the lower-mainland tied to people offshore, and owners who are not residents. We’ve always known that there was a lot of foreign investment in the city, but these new numbers paint an alarming picture with a far greater discrepancy than previously thought.

Guest: Andy Yan

Urban Planner/Adjunct Professor at SFU

While we had some idea a couple days ago about a report from the Canadian Mortgage and Housing Corporation about foreign investment in Vancouver, we now have concrete dollar amounts as well as how we compare to the rest of Canada.

Seventy-five billion dollars. That’s the amount of real estate in the lower-mainland tied to people offshore, and owners who are not residents. We’ve always known that there was a lot of foreign investment in the city, but these new numbers paint an alarming picture with a far greater discrepancy than previously thought.

Guest: Andy Yan

Urban Planner/Adjunct Professor at SFU