CBC: Early data shows foreign nationals buying 5% of Metro Vancouver homes sold

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July 07, 2016 | CBC

Quoted from the article:

But NDP housing critic David Eby says just asking a buyer to check a foreign owner box on a form is a flawed method of collecting data, and one that doesn’t address the full scope of what’s happening in the bigger picture.

“The issue isn’t one of citizenship, said Eby. “There are a lot of people who have permanent residency who are not paying taxes in B.C., they are paying it somewhere else.”

The NDP wants a two per cent tax on assessed home values for those who don’t pay income tax in Canada.

Read the full article: http://www.cbc.ca/news/canada/british-columbia/b-c-real-estate-foreign-home-ownership-data-1.3668460