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Builders work on a new home in North Vancouver, B.C. Thursday, Oct. 27, 2016. (Jonathan Hayward/The Canadian Press)
Builders work on a new home in North Vancouver, B.C. Thursday, Oct. 27, 2016. (Jonathan Hayward/The Canadian Press)

Foreign buyers a ‘scapegoat’ for high Vancouver prices, CMHC head says Add to ...

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High housing prices in the Vancouver region stem from a variety of factors, with foreign buyers shouldering a disproportionate amount of blame, says the president of Canada Mortgage and Housing Corp.

Evan Siddall said he is concerned about “unhealthy tensions” pitting existing residents against recent arrivals, and also older homeowners against younger families priced out of the market.

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Vancouver needs to build more homes in order to tackle the affordability issue, B.C. finance minister says (The Globe and Mail)

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