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Vancouver’s soaring single-family home prices have been blamed in part on foreigners snapping up investment properties and leaving them empty.

That myth was dispelled by results of a study released by the city Tuesday that shows only one per cent of single-family homes are vacant.

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tap here to see other videos from our team. Try refreshing your browser, or More than one in 10 Vancouver condos sit empty in city desperate for affordable housing Back to video

Of more concern in a city strapped for affordable housing is the 12.5-per-cent non-occupancy rate for condominiums, which account for most of the city’s 10,800 empty homes.

A whopping 90 per cent of the 10,800 Vancouver housing units deemed by consulting firm Ecotagious to be “non-occupied” are condos.

In a report to city council, the company said the percentage of total non-occupied housing units has been fairly flat, at just under 5 per cent, going back to 2002.