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.

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

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.

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.  

British Columbia public service employees were recognized for the outstanding work they do on behalf of the Province at the Premier’s annual Innovation and Excellence Awards ceremony.

The Government of British Columbia has confirmed support for the proposed Canada Pension Plan enhancement after considering feedback received through an online consultation during the summer.

Foreign investment accounted for nearly 6% of the approximately 48,000 residential real estate transactions in British Columbia between June 10 and Aug. 31, 2016, amounting to about 8.8% of the $31 billion in residential property that changed hands, according to the latest real estate transaction data released by the provincial government.

The Province of British Columbia has appointed Micheal Noseworthy as the new superintendent of Real Estate.