B.C. Housing studying foreign ownership in real estate market, premier says

The impact of foreign ownership on housing prices is a hot topic across the province

Premier Christy Clark says the agency that manages and administers subsidized housing in British Columbia is studying the level of foreign investment in the real-estate market.

Housing affordability is a hot topic in Vancouver, where the rental-vacancy rate is below one per cent and the average price of a home on the west side is now more than $2.5 million.

But just how much of a role foreign investment plays in the market remains debatable, although a Finance Ministry analysis last June concluded less than five per cent of home sales in Metro Vancouver involved foreign buyers.

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By | 2016-12-16T22:03:51+00:00 March 18th, 2016|Uncategorized|Comments Off on B.C. Housing studying foreign ownership in real estate market, premier says