[butisaidsudo]

I don't know which Stats Canada statistics the Financial Post article refers to (I'm sure they have more than one measure), but here's Stats Canada putting non-resident ownership at over 7% in Vancouver (https://www150.statcan.gc.ca/n1/daily-quotidien/180625/dq180...).

Whatever the exact number is, I don't think you can draw a conclusion just from that measure alone. The percentage of total properties owned by non-residents is less important than the percentage of recent sales that went to non-residents.

Some completely made up and simplified numbers to illustrate my point:

Let's say 10% of all properties in Vancouver have been sold on the market in the last 8 years, and 25% of those went to foreign buyers. That would only account for an increase in 2.5% of non-resident ownership. That by itself doesn't sound significant, but 25% of all sales going to buyers many of which are price insensitive is going to have a massive effect on prices.