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Canada urged to compile data on home purchases by foreigners

Asian demand inflating prices in Vancouver and Toronto, says HSBC exec

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In Vancouver, home sales jumped 22 per cent, pushing prices up 12 per cent to an average C$902,000.

Toronto

HSBC Holdings, the largest foreign lender in Canada, said the country's officials need to start tracking cross-border purchases of homes because the high-priced transactions may be inflating values in Vancouver and Toronto.

Asian demand for Canadian real estate is high and

sentifi.com

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