Who invests in British Columbia’s Housing Market?
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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
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