[tvp2003]

Recall this being discussed earlier -- CMHC releases data on foreign ownership of condos:

http://www.theglobeandmail.com/repor...ticle22101935/

In some select city areas, notably in Vancouver and Toronto, the rates are higher, according to the statistics released Tuesday.

Vancouver’s Burrard Peninsula, for instance, has a rate of 5.8 per cent while Toronto’s core is at 4.3 per cent, according to the numbers unveiled for the first time by CMHC, in its latest report on rental apartment vacancy rates.

The percentage of foreign condo ownership for Vancouver is 2.3 per cent, while it stands at 1.5 per cent for Montreal and 0.2 per cent for Calgary. The report covers the period up to the end of October.

Critics say that condos have become a handy place to park money, particularly for wealthy investors from China, and that the units end up staying empty or only briefly occupied.