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

Year's worth of monthly agent survey results finds 75% of buyers to be local owner-occupiers, and nearly 20% local or Canadian investors
Joannah Connolly
June 6, 2017

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
Joannah Connolly is editorial director of Glacier Real Estate, Glacier Media's real estate division. Joannah writes and curates real estate news for Glacier Media's local newspaper websites, including the Vancouver Courier, North Shore News, Burnaby Now, Tri-City News and others. She also oversees editorial content in Real Estate Weekly Homes, West Coast Condo, Western Investor and Glacier's special real estate publications. A dual Canadian-British citizen, Joannah has 22 years of journalism and editing experience in Vancouver and London, with a background in construction, architecture, healthcare and business media. Joannah has appeared on major local TV outlets as a real estate commentator, has moderated and spoken on various industry panels, and spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio.