BC’s Finance Minister is responding to criticism that the foreign buyer data released by the province yesterday misses the mark.
It showed five per cent of homes purchased in and around Vancouver involved foreign nationals.
Some suggest looking at income tax data would be more reliable than self-declared citizenship at the time of purchase.
But Mike de Jong disputes that.
“If you are a foreign national, it strikes me that big definition you are unlikely to have filed a Canadian income tax return.”
He insists the data is relevant to the housing affordability discussion.
It showed, on average, foreign buyers spent around 400-thousand dollars more than Canadians on homes.
He appeared on the Jon McComb show on CKNW.