You’ve been hearing about the Foreign Home Ownership Issue for years, and everyone seems to have an opinion. From discussions over coffee, to friends being outbid on a property, or the proliferation of media stories, the blame of foreign buyers persists throughout all aspects of the home ownership discussion in Vancouver. Let's explore this often emotional issue from different perspectives: academic, legal and economic.
Does foreign ownership affect affordability? Who, if anyone, is collecting the data behind the foreign ownership issue? How are other jurisdictions dealing with this issue? Is there a mass exodus risk to the market? Should this actually be an issue in the first place? Perhaps our "most liveable"city is simply experiencing growing pains from the international attention?
The UDI U40 is proud to present a discussion around the hot-button issue of foreign home ownership and other questions that have arisen as the Vancouver real estate market continues its hot streak.
Thank you to our U40 Patron Sponsor, KPMG, for their continued support!