More than 1 in 10 homes are owned by non-residents in one part of Metro Vancouver: data

Posted by Michael La Prairie on Thursday, June 28th, 2018 at 2:11pm.

More than 1 in 10 homes are owned by non-residents in one part of Metro Vancouver: data

A new report from Statistics Canada shows where foreign ownership of real estate is the most popular, and why much of it is held by corporations. Ted Chernecki has the details.

There’s one part of Metro Vancouver where non-residents own more than one in 10 of the homes, according to data released by Statistics Canada on Tuesday.

But just like the last time the agency released data on non-resident homeowners, a different picture emerges when you drill deeper into the numbers.

The data comes via the Canadian Housing Statistics Program (CHSP), an effort by Statistics Canada to track information on non-resident property ownership in B.C. and Ontario.

The latest release, which came after a separate one in December, provided revised data on property ownership in both provinces.

This one included a list showing the share of non-resident ownership in various municipalities, which were cited in the report as Census Subdivisions.


Continue reading More than 1 in 10 homes are owned by non-residents in one part of Metro Vancouver: data at Global News Website

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