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Homebuyers Overestimate Impact of Foreign Investors – Via Canadian Real Estate Wealth

Homebuyers Overestimate Impact of Foreign Investors – Via Canadian Real Estate Wealth

 

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Homeowners in Vancouver and Toronto believe that foreign investors are driving up home prices but that isn’t backed up by official figures.

 

 

A new Housing Market Insight from the CMHC shows that 68% of survey respondents in Vancouver and 48% in Toronto think foreign investors have a lot of influence on home prices in their cities.

However, official Statistics Canada data shows that total non-resident ownership is just 4.8% of homes in Vancouver and 3.4% in Toronto.

 

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