B.C. municipalities should reduce barriers to housing construction, not foreign ownership

British Columbia’s provincial government has begun releasing long-awaited data on foreign nationals purchasing real estate in B.C. While this topic has gained much attention as a possible source of housing price inflation, the government found that foreign nationals only accounted for 3 per cent of provincial sales and 5 per cent in the Lower Mainland last month.A group of buyers this size might affect prices in small niches of Vancouver’s market, but broader market forces such as low interest rates and a tight housing supply—which is affected by regulation, as demonstrated in a new Fraser Institute study—are more likely to

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