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by mistermann 3425 days ago
> After lots of discussion about hoards of Chinese buyers, the BC gov't started tracking purchases. It peaked at 13% just before the tax (and most of that was concentrated it the top of the price range).[1] Also, that definition of foreigner is just someone without Canadian citizen or permanent residency.

You can still purchase permanent residence status with cold hard cash in Quebec. A lot of Canadian "citizens" / "permanent residents" are nothing of the kind, they are citizens of convenience. The passport and house is for getting out of Dodge when the sht hits the fan.

Similarly, a lot of multi-million dollar houses are owned by Chinese students.

I'd feel very comfortable betting the truly* foreign percentages is far, far higher than the government is telling us. It took high levels of public outrage before the government finally released a subset of the statistics, if they were really now interested in telling the truth, they'd publish all the metadata available for citizens to examine.