Over 20% of new condos in Vancouver and Richmond owned by non-residents
Statistics on housing ownership captured for the first time by Statistics Canada show that when it comes to the impact of purchases by non-Canadian residents, geography and building type matter a lot. Figures published Tuesday, in a joint project with the Canada Mortgage and Housing Corporation, showed that non-residents owned 4.8 per cent in Metro Vancouver — but the number is much higher when it comes to condos, especially newer ones.
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