In parts of Vancouver an estimated 23 per cent of flats are empty because the buyers "are so rich they don't even care about the return on their investment". Photo: EPA
Rich foreign investors drive up home prices in Vancouver, locking out locals
Prices for homes have risen to an average of US$1m in a city where the average income is US$41,000, so many locals are excluded from market
In parts of Vancouver an estimated 23 per cent of flats are empty because the buyers "are so rich they don't even care about the return on their investment". Photo: EPA
