Chinese-Canadians twice as likely to own and live in unaffordable homes, new data reveals

Ethnic Chinese are twice as likely as other Canadians to own and live in housing that is unaffordable compared to their incomes, and only about half as likely to live in rented accommodation, according to a newly released government findings.The data reveals a big gap between many Chinese-Canadians’ local earnings and their housing costs, that urban planning academic Andy Yan said could be explained by pre-immigration wealth and other foreign capital, mixed with local lending.“But there are…

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