How many Metro Vancouver properties are purchased by foreign buyers?
Leading up to the 2021 federal election, Canada’s three largest political parties have promised to implement measures to restrict or tax foreign home buyers if elected.
But how much do foreign buyers impact Metro Vancouver’s real estate market?
“Non-Canadian or permanent resident home purchases have continued to fall throughout the pandemic,” said Keith Stewart, REBGV economist. “All measures of non-Canadian or permanent residents purchasing homes are less than or close to one per cent in July 2021.“