Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

By Joannah Connolly / Glacier Media Real Estate
Relatively small percentage of homes are jointly owned by a mix of resident and non-resident owners, according to federal housing agency

While there is a common perception that overseas buyers have snapped up much of the real estate in B.C.’s major cities, the number of homes in the province owned purely by non-residents is 3.7 per cent, according to a study of Statistics Canada data by Canada Mortgage and Housing Corporation (CMHC), published March 12. Including homes that are jointly owned by a mix of residents of Canada and non-residents – such as a satellite family where one spouse is resident in Canada, or a local student who jointly owns a home with their overseas parents – adds another 2.5 per cent.…

Source:: Non-residents own 3.7% of B.C. homes, much higher in new units: CMHC

• Whistler News

April 20, 2019

Comments are closed.