Not so long ago, real estate industry and government officials were doing their best to shut down concerns that skyrocketing housing prices in Vancouver and Toronto were related to non-resident buying.
| As it turns out, they were very wrong.
| “Basically, if we put every residential property unit that was built in the city of Vancouver from 2006 to 2017 into a single building, every tenth unit [and a bit more] would have been owned by somebody who doesn’t live in the country,” says Andy Yan, urban planner and director of Simon Fraser University’s City Program.
|  | | | | Did you know? - We also have a Top Business Headlines: Evening Edition newsletter to help you catch up on the most important business news of the day. Sign up today. | | | | | | More stories below advertisement | | | | |
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/LCQJU5USCBFYPPN6K6IO7ADEHE.JPG "Previous housing data understated number of non-resident buyers in Vancouver and Toronto")
Previous housing data understated number of non-resident buyers in Vancouver and Toronto/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/KADMLWKI2BK6XL463QN5ZPVG5E.jpg "Chinese investors still sold on Canadian real estate")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/OBV54T5NT5DWJIJNIJ2MK7HQZI.JPG "Another GTA condo development bites the dust: Diam cancels Danforth building")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/X446RYCDMRBPPCIDKQSTPTTPTQ.JPG "Yaletown condo sells on second attempt, but $33,000 under list price")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/GE7PHNLSMJCFTJRALZNYSZYIMQ.JPG "Developer appeals ruling in Toronto condo presale contract dispute")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/WQYVDVJKU5F3LHTUCICLQ7C36M.JPG "City-dwellers compete for rural bungalow on nearly half-acre lot outside Hamilton")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/EPC7LC5BIZFBDEAANOVQADQOMA.JPG "Home of the Week: A riot of bold design ideas")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/3EI2EPRLABBIVP7NJURM2VDJZY "Fixed mortgage rates are diving. Here’s where to get the best deals")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/2XJVZZYXKNAT7DSNEE6EKCC5I4.jpg "Federal budget 2019: Interest-free mortgage loans for new buyers unlikely to boost home sales, experts say")
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/PPZWZYQUDRH3BPLV5YQTUOUYK4.JPG "Forme Development principals ordered to be more forthcoming with receiver after attempting to sell assets")
