Foreign purchasers were involved in 3% of Metro Vancouver residential real estate transactions in October, a rate equal to the provincial average for that month, according to the latest real estate transaction data released by the Province.

B.C. is projected to outperform Canada with robust growth this year and ongoing modest growth thereafter, Finance Minister Michael de Jong said at the close of his annual meeting with the independent Economic Forecast Council.

The following statement has been issued by B.C. Finance Minister Michael de Jong:

Following B.C.’s highly successful issue of a Masala bond into the Indian offshore rupee market in September, B.C.’s Finance Minister Michael de Jong was invited to open trading at the London Stock Exchange where the bond was listed.

Finance Minister Michael de Jong issued the following statement in response to the Supreme Court of Canada’s ruling regarding the relationship between the Charter-protected process of collective bargaining and government’s pursuit of public-policy objectives that impact working conditions.

The Province of British Columbia, Canada, will open a new Trade and Investment Representative Office in Johor Bahru, Malaysia, in early 2017 to help develop constructive and productive trade and investment opportunities in this important ASEAN (Association of Southeast Asian Nations) economy.

Foreign purchasers were involved in 1.8% of the 5,150 residential property transfers in Metro Vancouver in September, accounting for 1.8% of the total value of properties transferred in that period, according to the latest real estate transaction data released by the Province.  

Finance Minister Michael de Jong is leading an investor tour to India to advance bilateral trade and investment opportunities for B.C. businesses, and to promote the province’s stable economy.