MP calls for data on foreign ownership

Kennedy Stewart, the MP for Burnaby, has once again called for a housing study to be conducted by government agencies and for these to include data on foreign ownership.

Stewart says that CMHC and Statistics Canada need to do the work as cities don’t have the time and resources to do so.

Speaking to Burnaby Now he said: “It could be that there’s a lot of foreign investment, and we get the sense that seems to be in Burnaby. We don’t really know the extent of whether this is happening or not.”

The MP tabled a motion last year calling for similar action but it is unlikely that it will be debated before the election. 
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Investment Hot Spots:
Goodeve, Sainte-Dorothée, Upper Stewiacke, Small Point, Second Falls

COMMENTS

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?