Foreign ownership below 5 per cent in Toronto, Vancouver housing markets

[mentalfloss]

But Alex Jones told me the NEW GLOBAL ORDER is going to take all our housing!

Another cheap parlour trick by conbots and Trumptards.



Foreign ownership below 5 per cent in Toronto, Vancouver housing markets

Foreign ownership of housing in Canada's two largest markets, Toronto and Vancouver, is below 5 per cent, Statistics Canada said on Tuesday in a report that suggests foreign investors are not the biggest factor driving up home prices in Canada.

The new data, promised for months, showed non-residents owned 3.4 per cent of all residential properties in Toronto, while the value of the properties was 3.0 per cent of housing stock. In Vancouver, non-residents owned 4.8 per cent of residential properties, accounting for 5.1 per cent of total housing value, Statscan said.

A voter backlash, particularly from China, spurred provincial governments to impose a foreign buyers tax in Vancouver in 2016 and Toronto in 2017, though previous data showed foreign investment was only between 5 and 10 per cent.

https://www.theglobeandmail.com/new...ing-markets-below-5-per-cent/article37381468/

 

[Hoid]

Facts will not change the minds of those committed to theory that foreign buyers are driving high real estate prices.

they account for less than 4% of single detached home buyers in Vancouver.

they are a small factor

 

[mentalfloss]

Yabut NAFTA killed all of our jobs!

 

[pgs]

Facts will not change the minds of those committed to theory that foreign buyers are driving high real estate prices.

they account for less than 4% of single detached home buyers in Vancouver.

they are a small factor

How come so many people in Vancouver have million dollar homes if the evil 1% has all the money ?

 

[White_Unifier]

But Alex Jones told me the NEW GLOBAL ORDER is going to take all our housing!

Another cheap parlour trick by conbots and Trumptards.



Foreign ownership below 5 per cent in Toronto, Vancouver housing markets

Foreign ownership of housing in Canada's two largest markets, Toronto and Vancouver, is below 5 per cent, Statistics Canada said on Tuesday in a report that suggests foreign investors are not the biggest factor driving up home prices in Canada.

The new data, promised for months, showed non-residents owned 3.4 per cent of all residential properties in Toronto, while the value of the properties was 3.0 per cent of housing stock. In Vancouver, non-residents owned 4.8 per cent of residential properties, accounting for 5.1 per cent of total housing value, Statscan said.

A voter backlash, particularly from China, spurred provincial governments to impose a foreign buyers tax in Vancouver in 2016 and Toronto in 2017, though previous data showed foreign investment was only between 5 and 10 per cent.

https://www.theglobeandmail.com/new...ing-markets-below-5-per-cent/article37381468/

But they're Shylocks, or Chinks, or Japs, or Krauts, or... or... or something like that. They look different from your typical Aryan.

 

[JLM]

How come so many people in Vancouver have million dollar homes if the evil 1% has all the money ?

What's the bank's equity in them?

 

[mentalfloss]

100 kajillion dollars.

 

[Kreskin]

That is 5% absentee foreign ownership and it's not an insignificant amount. For every 20 homes one of them is non resident. The real question is how many of them represent sales in more recent years.

What's the bank's equity in them?

Not much

 

[Hoid]

How come so many people in Vancouver have million dollar homes if the evil 1% has all the money ?

the one percent holds all the mortgages.

 

[Kreskin]

What's the bank's equity in them?

Technically the bank has no equity. Buyers are the equitable owners.

 

[taxslave]

But Alex Jones told me the NEW GLOBAL ORDER is going to take all our housing!

Another cheap parlour trick by conbots and Trumptards.



Foreign ownership below 5 per cent in Toronto, Vancouver housing markets

Foreign ownership of housing in Canada's two largest markets, Toronto and Vancouver, is below 5 per cent, Statistics Canada said on Tuesday in a report that suggests foreign investors are not the biggest factor driving up home prices in Canada.

The new data, promised for months, showed non-residents owned 3.4 per cent of all residential properties in Toronto, while the value of the properties was 3.0 per cent of housing stock. In Vancouver, non-residents owned 4.8 per cent of residential properties, accounting for 5.1 per cent of total housing value, Statscan said.

A voter backlash, particularly from China, spurred provincial governments to impose a foreign buyers tax in Vancouver in 2016 and Toronto in 2017, though previous data showed foreign investment was only between 5 and 10 per cent.

https://www.theglobeandmail.com/new...ing-markets-below-5-per-cent/article37381468/

It is your leftard hero's that insisted the foreigners were buying up the city and locals couldn't a ford to live ther. Did they lie again?

 

[IdRatherBeSkiing]

Yep that conbot Wynn really frucked over Toronto real estate.

If it wasn't so big of a factor, how come taxing it cooled off the market so dramatically?

 

[taxslave]

the one percent holds all the mortgages.

What mortgages? Mostly cash deals.

 

[Danbones]

stolen cash deals

 

[Hoid]

Canadians owe over $2 trillion dollars on mortgages - average debt is about $200K

 

[JLM]

Technically the bank has no equity. Buyers are the equitable owners.

OK, I'll substitute "investment" for equity!

stolen cash deals

Or laundered cash deals!

Yep that conbot Wynn really frucked over Toronto real estate.

If it wasn't so big of a factor, how come taxing it cooled off the market so dramatically?

Only temporarily

 

[IdRatherBeSkiing]

Only temporarily

Still sluggish here.

 

[White_Unifier]

It is your leftard hero's that insisted the foreigners were buying up the city and locals couldn't a ford to live ther. Did they lie again?

They didn't like them kinda people.