Foreign Buyer's Tax

New Numbers on Foreign Ownership in Vancouver

A new method for assessing foreign ownership in Vancouver has concluded that about $75 billion worth of Vancouver real estate is tied to offshore owners.

In 2016, CMHC estimated at 2.2% of Metro Vancouver condos were owned by offshore owners. The new methodology used by CMHC now estimates that 11% of Metro Vancouver condos are owned, at least in part, by people living outside of Canada.