When you look at one metric, the effect of non-residents on housing in Metro Vancouver can be measured at about five per cent.
But a deeper dig into the data produces very different results.
When you look at housing type, for example, you find that non-residents, or people whose principal residence is outside Canada, own 19 per cent of condos that were built in the City of Vancouver from 2016 to 2017.
A new study released by Andy Yan of the SFU City Program on Wednesday finds that non-residents own at least one in 10 condos in every category of unit worth $600,000 or more.
Full story here: https://globalnews.ca/news/3955859/vancouver-condos-non-residents/