Wake Up Vancouver!

    Citizens for a Better Vancouver

In Vancouver, you’re competing with non-residents for condos worth as little as $600K

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/

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