Foreign ownership may not be such a big deal in Vancouver

Real estate agents and developers in Vancouver say that foreign ownership of commercial property in the city may be overstated.

Agents have been responding to a TV report about a property sold by CBRE that was marketed to international rather than domestic buyers.

The Vancouver Sun quoted agents and developers who, although surprised at the deal not being widely known in the community, were not overly concerned.

The majority said that most of the commercial real estate transactions that take place in Vancouver involve domestic buyers. 
 

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