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Rental investors, foreign investors, huge population growth supply cannot keep up. A little bit of mortgage fraud[0]. Highest debt to GDP in G7s, meaning a lar
by qwertywert_ 3y ago
Rental investors, foreign investors, huge population growth supply cannot keep up. A little bit of mortgage fraud[0].
Highest debt to GDP in G7s, meaning a large portion of people bought recently or HELOC'd are leveraged up to secure their place in the market.
Detached housing is at 40% non owner-occupied in BC, I'm sure it is worse in Vancouver metro area. [1]
[0] https://www.cbc.ca/news/business/marketplace-mortgage-fraud-1.6614132 https://www.cbc.ca/news/business/marketplace-mortgage-fraud-...
[1] https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610004101 https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=461000...