Colourful houses line a street in the Vancouver neighbourhood of Mount Pleasant. Photo: Ian Young
Foreign ownership main culprit for unaffordable housing in Vancouver, a top destination for Chinese funds, ‘unimpeachable’ study says
- A study found a near-perfect 96 per cent correlation between detached housing unaffordability and foreign ownership rates across 14 Vancouver municipalities
- The Canadian city has for decades attracted waves of millionaires and money from mainland China, Hong Kong and Taiwan
Colourful houses line a street in the Vancouver neighbourhood of Mount Pleasant. Photo: Ian Young