Friday, April 13, 2018

Non-Resident Real Estate Ownership

Non Resident is defined as an Individual whose Principal Dwelling is outside of Canada.
Non-Resident Home Ownership
The Canadian Housing Statistics Program has released their first report measuring the ownership of Canadian Residential Real Estate. In Metro Vancouver Non-Residents accounted for 4.8% of residential properties accounting for 5.1% of total residential property value. This number was further broken down by property type, Condominium-Apartments at 7.9% and Single-Detached Houses at 3.2% of ownership for Non-Residents.
Ownership Percentage was also broken down by cities within the Metro Vancouver area.
Vancouver7.6%
Richmond7.5%
West Vancouver6.2%
Burnaby5%
Coquitlam4.7%
White Rock4.1%
North Vancouver3.8%
Port Moody3.3%
New Westminster3.3%
Surrey2.9%
Port Coquitlam2.5%
Langley2.2%
Maple Ridge2.1%
Pitt Meadows1.9%