With new condo market in a slump, debate rages over investors and foreign buyers
As the Vancouver and Toronto condo markets continue to languish, the major role of the investor, both foreign and local, is coming into focus.
In the city of Vancouver, 50 per cent of newly built condos were investor owned, according to Canadian Housing Statistics Program data, compiled by Simon Fraser University associate professor of professional practice in urban studies, Andy Yan. The data period covers 2016 to 2022.
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