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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

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


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...

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