The influence of foreign buyers on real estate in British Columbia appears to be limited. Government figures released Thursday show that in the period June 10 to June 29 just 3 per cent of homes sold in the province were bought by neither Canadian citizens or permanent residents; in Vancouver it was 4 per cent.
While acknowledging the short time-span of the analysis, finance minister Mike de Jong said the sample size was healthy and that the data was accurate.
There were 9,811 homes sold to Canadians in the period, 96.68 per cent with Chinese buyers the next largest proportion (258 sales, 2.54 per cent) with US buyers making up 0.23 per cent with 23 purchases.
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