Property News · June 26, 2019

Foreign ownership main culprit for Vancouver’s unaffordable housing, a top destination for Chinese funds, ‘unimpeachable’ study says


A study has found long-sought evidence linking foreign ownership to extreme housing unaffordability in Vancouver, a Canadian city that has attracted waves of Chinese capital and millionaire migrants.The white paper by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a near-perfect 96 per cent (or 0.96) correlation between various metro Vancouver municipalities’ price-to-income ratios (a common measure of unaffordability), and the proportion of…

Source : South China Morning Post
Read more…Foreign ownership main culprit for Vancouver’s unaffordable housing, a top destination for Chinese funds, ‘unimpeachable’ study says

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