Out-of-town investors inflate real-estate prices and rent: Study

The Globe and Mail interviewed Jack Favilukis, a UBC Sauder School of Business professor, about his study that found investors who buy housing and leave it empty in a city push up real estate and rent costs.

Favilukis and New York University’s Stijn Van Nieuwerburgh developed an economic model that gauges the impact of out-of-town buyers on housing costs and city welfare.

Favilukis also spoke to Metro News about the same topic.