Offshore investors represent a small fraction of recent homebuyers

Results from a year-long period of realtors' polls conducted by REBGV shows foreign buyers do not dominate the residential market

Western Investor
June 5, 2017

Overcrowded homes


Foreign and offshore investors only represent a small percentage of homebuyers, according to a new realtors’ poll.

The Real Estate Board of Greater Vancouver (REBGV) conducts monthly surveys with realtors who have recently represented buyers in a sale. The board has realized cumulative statistics from April 2016 to April 2017, demonstrating illuminating insight into the demographics of recent homebuyers.

REBGV stats show that the majority of realtors during the year-long period represented first-time homebuyers from within the Greater Vancouver area.  The majority of homebuyers are families or young couples with no children. Thirty-eight percent of buyers purchased within their current community or neighbourhood, while 36 per cent moved from another city or sub-community with the REBGV area.

Only 2.3 per cent of homebuyers were described as foreign buyers. Local or domestic investors accounted for 18.5 per cent of sales. Fourteen percent of buyers reported that they are investors that will not be living at the residence.


rebgv infograph

rebgv inforgraph

View full breakdown of the market poll.

Tanya is Western Investor's web content and social media coordinator. She first joined the Western Investor team as a editorial assistant in 2016, after a summer spent freelancing at Glacier Media papers The Burnaby Now and New West Record. She is a graduate of Langara College's journalism program.
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