How foreign money can help us meet our housing goals

by Kerry Gold

While 4.3 per cent has been used to describe the percentage of residential properties owned by non-residents in Metro Vancouver, it’s a heavily diluted and misleading figure, says SFU's Prof. Andy Yan.

Vancouver real estate experts argue that foreign money can play a role in the creation of affordable rental housing units. They say government policies aimed at curbing foreign investment are serving to stem the funding necessary to get new housing built – and the affordable units that could be part of the equation.

But first we must get real about the extent of foreign capital, says Andy Yan, director of Simon Fraser University’s City Program and associate professor.

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