{"id":11071,"date":"2018-12-11T11:11:56","date_gmt":"2018-12-11T19:11:56","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=11071"},"modified":"2018-12-10T08:55:17","modified_gmt":"2018-12-10T16:55:17","slug":"how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/","title":{"rendered":"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes"},"content":{"rendered":"<p style=\"text-align: justify;\">Three percent of residential property sales in Metro Vancouver during October involved a foreign buyer, updated figures released by the BC government suggest.<\/p>\n<p style=\"text-align: justify;\">The share of foreign buyers active in the Metro Vancouver market that month matches the province-wide average, and is slightly higher than the 2.5 percent active in Vancouver proper that month.<\/p>\n<p style=\"text-align: justify;\">October\u2019s rate of foreign-homebuying activity was up from September, when 1.8 percent of transactions involved a non-resident purchaser.<\/p>\n<p style=\"text-align: justify;\">However, that\u2019s far from the levels observed more than two years ago, before the BC government slapped a 15-percent levy on non-residents purchasing residential real estate in Metro Vancouver.<\/p>\n<p style=\"text-align: justify;\">Prior to policymakers introducing the tax in August 2016 \u2014 in a bid to curb skyrocketing home prices \u2014 the rate of foreign-homebuying activity was 13.2 percent, government data suggests.<\/p>\n<p style=\"text-align: justify;\">Rates of foreign investment in Metro Vancouver varied from municipality to municipality in October. October in Surrey it was 1 percent, whereas in Burnaby it was 5.9 percent and in Richmond it was 6.7 percent.<\/p>\n<p style=\"text-align: justify;\">Throughout Metro Vancouver in October, foreign buyers had a hand in 140 residential property transfers worth a total of $115 million.<\/p>\n<p style=\"text-align: justify;\">\u201cThere is a period of distortion in the market any time a tax is introduced or changed,\u201d notes the government in a news release.<\/p>\n<p style=\"text-align: justify;\">\u201cMany transactions that would have occurred in the months following the introduction of the tax were moved to July [2016] to avoid the tax.\u201d<\/p>\n<p style=\"text-align: justify;\">This February, the province expanded the tax to surrounding areas including the Central Okanagan Region, Fraser Valley, Greater Victoria, and Nanaimo. Policymakers also lifted the levy to 20 percent.<\/p>\n<p><a href=\"https:\/\/www.livabl.com\/2018\/12\/data-shows-active-foreign-homebuyers-metro-vancouver.html\">New Data Shows How Active Foreign-Homebuyers are in Metro Vancouver After Big Policy Changes<\/a> by Josh Sherman | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three percent of residential property sales in Metro Vancouver during October involved a foreign buyer, updated figures released by the BC government suggest. The share of foreign buyers active in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-11071","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Three percent of residential property sales in Metro Vancouver during October involved a foreign buyer, updated figures released by the BC government suggest. The share of foreign buyers active in &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes\",\"datePublished\":\"2018-12-11T19:11:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/\"},\"wordCount\":281,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/\",\"name\":\"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-12-11T19:11:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/12\\\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/","twitter_card":"summary_large_image","twitter_title":"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Three percent of residential property sales in Metro Vancouver during October involved a foreign buyer, updated figures released by the BC government suggest. The share of foreign buyers active in &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes","datePublished":"2018-12-11T19:11:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/"},"wordCount":281,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/","name":"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-12-11T19:11:56+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/12\/how-active-foreign-homebuyers-are-in-metro-vancouver-after-policy-changes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"How Active Foreign-Homebuyers are in Metro Vancouver After Policy Changes"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/11071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=11071"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/11071\/revisions"}],"predecessor-version":[{"id":11073,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/11071\/revisions\/11073"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=11071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=11071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=11071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}