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A comment on Chinese Money in the U.S. Dries Up as Trade War Drags On. Parent comment
For example if you're looking at new condos in Richmond, that was 23% being purchased by non-residents.
https://www.cbc.ca/news/canada/british-columbia/vancouver-no...
Additionally the government only started collecting data around foreign ownership well after the steepest part of the bubble curve was over so who knows what the actual sales numbers were when the prices just started rising.
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For example if you're looking at new condos in Richmond, that was 23% being purchased by non-residents.
https://www.cbc.ca/news/canada/british-columbia/vancouver-no...
Additionally the government only started collecting data around foreign ownership well after the steepest part of the bubble curve was over so who knows what the actual sales numbers were when the prices just started rising.