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.

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 Select Standing Committee on Finance and Government Services is inviting British Columbians to share their priorities for the next provincial budget with the release of the Budget 2017 Consultation Paper.