{"id":12407,"date":"2019-05-05T11:11:33","date_gmt":"2019-05-05T18:11:33","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=12407"},"modified":"2019-04-29T15:06:28","modified_gmt":"2019-04-29T22:06:28","slug":"metro-vancouver-housing-volume-is-shrinking-toronto-is-benefiting-more-from-the-situation","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/05\/metro-vancouver-housing-volume-is-shrinking-toronto-is-benefiting-more-from-the-situation\/","title":{"rendered":"Metro Vancouver Housing Volume is Shrinking, Toronto is Benefiting More from the Situation"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver real estate investment volume is shrinking due to perceived instabilities in the market\u2019s regulatory regime, according to CBRE Ltd.<\/p>\n<p style=\"text-align: justify;\">The successive introduction of new regulations that target foreigners has done no favours for the market in terms of investment. If anything, Toronto is benefiting more from the situation.<\/p>\n<p style=\"text-align: justify;\">\u201cYou have policy changes on a snap, on a whim,\u201d CBRE Ltd. executive vice president David Ho told Bloomberg in an interview.<\/p>\n<p style=\"text-align: justify;\">\u201cInvestors typically look at stability in a market and this is not stability.\u201d<\/p>\n<p style=\"text-align: justify;\">CBRE figures indicated that from the $1-billion-plus volumes seen in 2016 and 2017, foreign investment in Vancouver sharply declined to just nearly $350 million in 2018.<\/p>\n<p style=\"text-align: justify;\">In comparison, Toronto significantly exceeded its 2017 volume with its $526 million in Asian investment last year.<\/p>\n<p style=\"text-align: justify;\">Speculation levies, a wealth tax on homes, and the recently proposed Landowner Transparency Act scared off a considerable number of foreign capital holders, CBRE added.<\/p>\n<p style=\"text-align: justify;\">Moreover, Toronto\u2019s status as a vital global tech hub \u2013 which continues to magnetize millennials and immigrants \u2013 has proven to be a major boost for its commercial and industrial property sectors. Many members of the two demographic groups participate in the city\u2019s flourishing tech and financial services market.<\/p>\n<p style=\"text-align: justify;\">\u201cThat spells money because young people have to consume, they\u2019re growing families,\u201d Ho explained. \u201cThat\u2019s a huge advantage against the Vancouver market, which is more of a retirement market.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.canadianrealestatemagazine.ca\/news\/rapidfire-policy-regime-harms-vancouver-real-estate-investment-256600.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Rapid-Fire Policy Regime Harms Vancouver Real Estate Investment<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver real estate investment volume is shrinking due to perceived instabilities in the market\u2019s regulatory regime, according to CBRE Ltd. The successive introduction of new regulations that target foreigners has &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/05\/metro-vancouver-housing-volume-is-shrinking-toronto-is-benefiting-more-from-the-situation\/\">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":[8],"tags":[],"class_list":["post-12407","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Metro Vancouver Housing Volume is Shrinking, Toronto is Benefiting More from the Situation &#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\/2019\/05\/metro-vancouver-housing-volume-is-shrinking-toronto-is-benefiting-more-from-the-situation\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Housing Volume is Shrinking, Toronto is Benefiting More from the Situation &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver real estate investment volume is shrinking due to perceived instabilities in the market\u2019s regulatory regime, according to CBRE Ltd. 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