{"id":8207,"date":"2018-02-08T09:33:32","date_gmt":"2018-02-08T17:33:32","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8207"},"modified":"2018-02-07T14:39:18","modified_gmt":"2018-02-07T22:39:18","slug":"vancouver-mortgages-held-by-foreigners-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/","title":{"rendered":"Vancouver Mortgages Held by Foreigners on the Rise"},"content":{"rendered":"<p style=\"text-align: justify;\">The percentage of non-permanent residents (NPR) living in Vancouver who hold mortgages in the city increased from 3.3% in 2014 to 3.9% in 2016, according to new CMHC data, and the percentage is even higher for younger foreigners.<\/p>\n<p style=\"text-align: justify;\">NPR includes NPR workers, international students, refugee claimants and those holding work visas on humanitarian grounds. Among those in the 18-44 age group, the percentages of Vancouver properties owned NPR was 4.7%, up from 4.5% in 2014. For those under the age of 25, this number climbs to 10%, which the CMHC said indicates \u201csome younger NPR may be receiving parental support to purchase homes.\u201d<\/p>\n<p style=\"text-align: justify;\">For those over 45, 3% of mortgage-holders are NPR \u2013 up from 2% in 2014.<\/p>\n<p style=\"text-align: justify;\">The report also found that the average property value is higher for NPR mortgage-holders for all home types when compared with those held by permanent residents. Single-detached homes owned by foreign nationals in Vancouver have an average value of almost $1.7 million, compared with $1.4 million for those whose permanent residences are inside Canada. For condos, the average value is almost $536,000 for NPR, compared with $447,000 for permanent residents.<\/p>\n<p style=\"text-align: justify;\">Across Canada as a whole, the percentage of NPR who were students increased significantly between 1996 and 2015. In 1996, 37% were refugee permit-holders and only 29% of all NPR were students; by 2015, the percentage of students had increased to almost 52%. The percentage of workers increased from 31% to almost 46% over the same period.<\/p>\n<p style=\"text-align: justify;\">\u201cThe shift towards more students and workers has implications for household formation and dwelling choices,\u201d the report said.<\/p>\n<p style=\"text-align: justify;\">\u201cThe rate at which students and workers form new households is markedly higher than in-land refugees and other categories.<\/p>\n<p><a href=\"https:\/\/biv.com\/article\/2018\/02\/vancouver-mortgages-held-foreigners-rise-cmhc\" target=\"_blank\" rel=\"noopener\">CMHC : Vancouver Mortgages Held by Foreigners on the Rise<\/a> by Emma Crawford Hampel | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The percentage of non-permanent residents (NPR) living in Vancouver who hold mortgages in the city increased from 3.3% in 2014 to 3.9% in 2016, according to new CMHC data, and &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/\">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":[9],"tags":[],"class_list":["post-8207","post","type-post","status-publish","format-standard","hentry","category-mortgage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vancouver Mortgages Held by Foreigners on the Rise &#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\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver Mortgages Held by Foreigners on the Rise &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The percentage of non-permanent residents (NPR) living in Vancouver who hold mortgages in the city increased from 3.3% in 2014 to 3.9% in 2016, according to new CMHC data, and &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\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Vancouver Mortgages Held by Foreigners on the Rise\",\"datePublished\":\"2018-02-08T17:33:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/\"},\"wordCount\":279,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Mortgage\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/\",\"name\":\"Vancouver Mortgages Held by Foreigners on the Rise &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2018-02-08T17:33:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/02\\\/vancouver-mortgages-held-by-foreigners-on-the-rise\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vancouver Mortgages Held by Foreigners on the Rise\"}]},{\"@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":"Vancouver Mortgages Held by Foreigners on the Rise &#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\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/","twitter_card":"summary_large_image","twitter_title":"Vancouver Mortgages Held by Foreigners on the Rise &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"The percentage of non-permanent residents (NPR) living in Vancouver who hold mortgages in the city increased from 3.3% in 2014 to 3.9% in 2016, according to new CMHC data, and &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\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Vancouver Mortgages Held by Foreigners on the Rise","datePublished":"2018-02-08T17:33:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/"},"wordCount":279,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Mortgage"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/","url":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/","name":"Vancouver Mortgages Held by Foreigners on the Rise &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2018-02-08T17:33:32+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2018\/02\/vancouver-mortgages-held-by-foreigners-on-the-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Vancouver Mortgages Held by Foreigners on the Rise"}]},{"@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\/8207","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=8207"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8207\/revisions"}],"predecessor-version":[{"id":8208,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/8207\/revisions\/8208"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=8207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=8207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=8207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}