Amidst an ongoing debate as to the influence of foreign money in the Vancouver housing market, CMHC has attempted to shed some light on this debacle through their latest report. Using an infusion of taxpayer dollars to begin collecting more measurable data, including Canadian tax and property info, CMHC was able to determine the proportion of non-resident ownership, and non-resident participation (owning a portion of real estate) within the housing market. As per CMHC, the number of properties that have at least one non-resident owner amounted to 6.2% in British Columbia and 7.6% in Vancouver, the highest of all the areas surveyed. Non-ownership is more heavily concentrated in the condo segment. Non-resident ownership in Vancouver condos sits at 11.2%, nearly double that of the single family housing market.

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