Who invests in British Columbia’s Housing Market?

Release date: December 11, 2018
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Who invests in British Columbia’s Housing Market?
Who invests in British Columbia’s Housing Market?

Who invests in British Columbia’s Housing Market?

New annual data from the Canadian Housing Statistics Program provide more information on the patterns of investment in British Columbia's residential properties by non-residents and non-individuals for 2018.

There are over 1.7 million residential properties in British Columbia.

  • 3.8% are owned by non-residents of Canada.
  • 96.2% resident owned

Average assessment value

  • $980,000 non-resident owned
  • $800,000 resident owned

Non-residents own 5.0% of the residential properties in the Vancouver CMA.

  • 49.7% were constructed after the year 2000
  • 55.1% are condominium apartments.

9.8% are owned by non-individuals (e.g. businesses, governments, non-profits)

  • 9.8% are owned by non-individuals
  • 90.2% owned by individuals

Non-individual owned property types

  • Single-detached house 10.3%
  • Semi-detached house 0.6%
  • Row house 3.7%
  • Condominium apartment 18.7%
  • Property with multiple residential units 6.9%
  • Vacant land 53.2%

1 in 4 properties owned by non-individuals are in the Vancouver CMA.

CMA: Census metropolitan area

Source: Statistics Canada, Canadian Housing Statistics Program

Tables: 46-10-0018-01 & 46-10-0019-01

More information

Note of appreciation

Canada owes the success of its statistical system to a long-standing partnership between Statistics Canada, the citizens of Canada, its businesses, governments and other institutions. Accurate and timely statistical information could not be produced without their continued co-operation and goodwill.

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Copyright

Published by authority of the Minister responsible for Statistics Canada.

© Her Majesty the Queen in Right of Canada as represented by the Minister of Industry, 2018

All rights reserved. Use of this publication is governed by the Statistics Canada Open Licence Agreement.

Catalogue no. 11-627-M

Frequency: Occasional

Ottawa

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