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.
While opinions differ on both the level and the impact of foreign ownership of homes in Vancouver, many of the city’s residents are fed up with rising prices making the city unaffordable.
An academic says that there needs to be tougher regulation on housing in Vancouver to curb rising prices.
Real estate hotspots such as Australia and Hong Kong are clamping down on foreign investors, with some suggesting Canada should follow suit with a tax on those buyers.
The high prices of houses in West Vancouver, where the average cost of a home rose 3.8 per cent to $1.67 million in December, is already having an impact on the value of surrounding areas.
Brokers sceptical over CMHC foreign ownership data… Rental vacancies increase but still tight in many areas… Harper says the budget will still balance despite lower oil revenues… Housing starts fall in the US…
Connect Asset Management Challenges the Financial Community to Invest in Downtown Toronto Real Estate for a Good Cause
The event will also feature a panel of industry experts and a presentation on the state of the Hamilton-Burlington housing market
Blue Pearl Mortgage Group Inc. is expanding its footprint once again, this time with services in Ontario