In a first for CMHC, the Crown corporation has asked property managers in its Rental Market Survey to disclose what percentage of units are owned by foreign investors.
CMHC admits data vacuum on foreign investors… Vancouver property tax is outdated and unfair say critics… Calgary’s population keeps on growing… US housing market continues to grow…
While CMHC and others move towards quantifying data around foreign investment in Canada’s housing market, it is important those efforts not be seen as open season on international buyers, caution analysts.
It’s a controversial suggestion that isn’t about to go away, with new calls for a ban on property buying by foreigners -- increasingly faulted for outbidding local investors.
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