Vancouver

Foreign Investors Make Up Just 2.3% of Metro Van Buyers: Study

By
REW.ca
June 6, 2017






House for Sale

Year's worth of monthly agent survey results finds 75% of buyers to be local owner-occupiers, and nearly 20% local or Canadian investors

Overseas investors make up only a small proportion of buyers in the Greater Vancouver real estate market, according to a new combined study of real estate agent surveys by the Real Estate Board of Greater Vancouver (REBGV).

Examining the results of monthly polls of active REALTORS® regarding clients and their home purchases, the REBGV has combined a year’s worth of statistics from April 2016 to April 2017, which it says reveals demographic insights about buyers “on the ground” over the past year.

The study found 38% of buyers were moving to their new home from within their current community or neighbourhood, while 36% were moving from another city or community with the Metro Vancouver area, making a total of 75% who were local, owner-occupier buyers.

REBGV survey where from

The combined survey results found that the 32.2% of buyers were first-time buyers, and a combined proportion of 49% were home sellers buying another property to move into.

Local or domestic (Canadian) investors accounted for 18.9% of buyers, according to the study.

Only 2.3% of Metro Vancouver homebuyers over the past year were described by the REALTOR® respondents as foreign investors.

rebgv infograph

The survey also looked at household characteristics. Overall, just over half of the clients cited by agents over the past year were families with children (35.5%) or young couples with no children (15.7%), said the REBGV.

Just over a quarter of buyers were single (25.2%), with just over half of those male (13.3% of total).

rebgv inforgraph

To read the study and see more results, click here


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
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