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.
Categories
Recent Posts
Canada's tallest skyscraper is now 100 storeys. This is the view from the SkyTower
Vancouver rental builders, facing slowing demand, say government support needed
Calgary townhouse by the river a buyer’s top pick
The houses you can buy for $680,000 across Canada, the Home of the Week and more top real estate stories
Mount Pleasant condo sells for less than price paid 19 months ago
Home of the Week: A ‘normal’ house that holds a few secrets
Jilted buyer returns with slightly modified bid to take Pickering house
Network looks to tap into philanthropy to boost funding for affordable housing
Prince Harry to speak at a Toronto real estate conference next month
Buyer trims price of condo a short stroll to Woodbine Beach
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "