Vancouver: Buyers and Cent

vancouver: Early data shows foreign nationals buying 5% of Metro Vancouver homes sold The data — which included all properties registered between June 10 and July 14 — revealed that within Metro Vancouver, the cities of Burnaby and Richmond had the highest number of foreign buyers at 18 per cent, according to CBC. Eleven per cent of the real estate transactions in the City of Vancouver involved foreign buyers. The money represents about 10 per cent of the value of all real estate purchased in the region over that span, the government said. According to the government data, foreign buyers favoured the Metro Vancouver region, which accounted for 73 per cent of all their purchases. The government did not release data about the buyers' specific countries of origin. In comparison, the Victoria-Capital region housing market only had 3.5 per cent of its real estate transactions attributed to foreign buyers. (www.immigrantscanada.com). As reported in the news.