Garry Voigt, Royal LePage Wolstencroft Realty | Langley, BC | August 2026

There is a story people tell about Vancouver real estate. Foreign money drove prices up, governments stepped in, and the problem was dealt with. It is a tidy story, and most of the people repeating it have the timeline wrong.

With Canada's federal foreign buyer ban currently set to expire on January 1, 2027, it is worth getting the facts straight, because what happens next matters less here than most people assume.

The number was real, and it peaked in 2016

Before British Columbia introduced its foreign buyers tax in August 2016, foreign nationals accounted for 13.2 per cent of single-family home purchases in Metro Vancouver. That figure comes from researchers at UBC Sauder and SFU Beedie who worked with transaction-level data rather than estimates.

Provincial data from the same period backs it up. Between June 10 and August 31, 2016, foreign nationals were involved in 2,034 of roughly 22,000 Metro Vancouver transactions, about 9.3 per cent, and 11.5 per cent of the dollar value. Province-wide it was closer to 6 per cent of transactions and 8.8 per cent of value.

So the concern that drove the policy was not imaginary. In the segment where it concentrated, detached homes in Metro Vancouver, roughly one in eight buyers was a foreign national.

What happened when BC acted

The province brought in a 15 per cent additional property transfer tax on August 2, 2016, later raised to 20 per cent in February 2018.

The response was immediate. In the month following the tax, only 60 transactions in Metro Vancouver involved foreign nationals, totalling $46.9 million, which was under 1 per cent of transactions in that window. Within three months, the 13.2 per cent share of single-family purchases had fallen to 1.7 per cent.

The key point: foreign buying in Metro Vancouver did not slow gradually. It stopped almost immediately, in 2016, six and a half years before Ottawa's ban existed.

The federal ban arrived after the work was done

The Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect on January 1, 2023. By that point foreign buyers were running at roughly 1 per cent of BC sales.

The ban was aimed at a problem this province had already priced out of its market. That is why you will read credible analysis saying it had little measurable effect on prices. It is not that foreign capital never mattered here. It is that BC had already dealt with it, and the federal measure arrived to find the room mostly empty.

What the tax achieved, and what it did not

The UBC and SFU research found that in the months around the tax, prices fell about 6 per cent further in neighbourhoods where foreign buyers had been most concentrated, compared with neighbourhoods where they had not. That is a real, measurable effect.

Two things worth knowing about it. First, condominiums and townhomes showed no comparable decline, likely because of different supply conditions and the presale assignment market. Second, the lead researcher was blunt about the limits. Tsur Somerville of UBC Sauder said the price effect "wasn't large enough to solve Vancouver's affordability issues."

A 6 per cent adjustment in some neighbourhoods does not close the gap between local incomes and local housing costs. Supply does that, and supply moves slowly.

One distinction that trips people up

You will see two different kinds of statistics quoted in this conversation, and they measure different things.

Buyer share is the percentage of this year's transactions involving foreign buyers. That is the 13.2 per cent figure.

Ownership rate is the percentage of all existing homes owned by non-residents. Statistics Canada put that at 4.8 per cent for the Vancouver census metropolitan area in 2017, 4.2 per cent in 2018, and 4.3 per cent in 2019. For condominium apartments specifically it was 7.9 per cent in 2017; for detached houses, 3.2 per cent.

Both numbers are accurate. They are not interchangeable, and quoting one as though it were the other is the most common error in this debate.

What changes in January

Possibly nothing. As of early August 2026, the federal government has not announced whether it will extend the ban, replace it, or allow it to lapse. Anyone telling you they know what happens on January 1 is speculating.

One model under discussion, rather than a straight extension, is the approach Australia uses: permit foreign purchases of new construction and presale properties while keeping restrictions on established resale homes. The reasoning is that offshore capital then funds new housing supply instead of competing for the homes already standing. If Canada lands there, it would matter considerably more to developers than to a typical homeowner selling a townhouse in Willoughby.

Why this matters less in BC than elsewhere

BC's foreign buyer taxes are provincial legislation and are entirely separate from the federal ban. The 20 per cent Additional Property Transfer Tax in designated regions and the Speculation and Vacancy Tax both remain in force regardless of what Ottawa decides.

In this province, the federal ban was never the expensive obstacle. The tax was, and the tax is not going anywhere. If you are a seller wondering whether January brings a wave of offshore buyers back to the Fraser Valley, the honest answer based on the data is that it is unlikely, and not while the provincial taxes remain in place.

Provinces without their own foreign buyer taxes, Alberta being the clearest example, would see a far more meaningful change if the federal ban lapses.

Wondering what any of this means for your property or your plans? I am happy to walk you through the numbers for your specific situation. Reach me at 604-789-2140 or info@garryvoigt.com.

Sources

• Foreign buyer share of single-family purchases (13.2 per cent falling to 1.7 per cent) and the 6 per cent neighbourhood price effect: Tsur Somerville (UBC Sauder School of Business), Andrey Pavlov (SFU Beedie School of Business) and Jake Wetzel, "Foreign Buyer Taxes and Housing Affordability," Real Estate Economics. Summary at sauder.ubc.ca. Full paper at onlinelibrary.wiley.com.

• Provincial transaction data for June 10 to August 31, 2016, including the 9.3 per cent Metro Vancouver share and the post-tax figures: BC Ministry of Finance, "Updated residential real estate data," news.gov.bc.ca/releases/2016FIN0041-001774.

• Non-resident ownership rates for the Vancouver CMA (2017): Statistics Canada, "Non-resident Ownership of Residential Properties in Toronto and Vancouver: Initial data from the Canadian Housing Statistics Program," statcan.gc.ca.

• Non-resident ownership rates for 2018 and 2019: Statistics Canada, "Canadian Housing Statistics Program, 2019," statcan.gc.ca.

• Federal ban timing, scope and the current January 1, 2027 expiry: Prohibition on the Purchase of Residential Property by Non-Canadians Act, in force January 1, 2023, extended by two years on February 4, 2024. Canada Mortgage and Housing Corporation, cmhc-schl.gc.ca.

• Analysis of the 2027 expiry, alternative policy models and market impact: Canadian Mortgage Professional, "Canada's foreign buyer ban is expiring, what comes next could reshape the market," mpamag.com.

• Provincial taxes remaining in force independently of the federal ban: Deeded, "Canada's Foreign Buyer Ban Ends January 1, 2027," deeded.ca.

This article is general information about the BC and Canadian housing market and is not legal, tax, or financial advice for any individual situation. Figures were verified as of August 2026.

When buying a home in BC, the roof is one of those things that can easily get overlooked. But with our rain, snow, and changing weather conditions, the type and condition of a roof can have a big impact on a home’s maintenance and long-term costs.

Here are a few common roofing systems you’ll come across in the Lower Mainland:

Asphalt Shingles

One of the most common roofing materials for detached homes. Asphalt shingles are relatively affordable, easy to maintain, and come in a variety of styles. Depending on the quality and installation, they can last for many years, but eventually will need replacement.

Single-Ply Roofing

Often seen on flatter or low-slope roofs, single-ply systems use a membrane such as TPO, PVC, or EPDM. They can provide good waterproofing and are commonly used on townhomes, condos, and some residential properties. Proper installation and drainage are especially important with these systems.

Hot Tar / Built-Up Roofing

Hot tar roofing is another system commonly associated with low-slope or flat roofs. It typically uses multiple layers of roofing materials combined with asphalt. These roofs can be durable, but maintenance and proper drainage are important, particularly in our wet climate.

The Bottom Line

The type of roof is only part of the equation. Age, installation quality, ventilation, drainage, maintenance, and the overall condition of the roof are all important factors to consider.

If you’re buying a home, don’t just ask “What type of roof is it?” — ask “How old is it, how has it been maintained, and when might it need replacement?”

A roof may not be the most exciting part of a home purchase, but it can be one of the most important. 🏡

When buying a home, it’s easy to get caught up looking for the “perfect” property. The perfect neighbourhood, perfect layout, perfect kitchen, perfect yard… but in reality, that home may not exist.

A great home is often about finding the right balance between location, price, condition, and your lifestyle. Sometimes a home needs a few updates. Sometimes the layout isn’t exactly what you imagined. And sometimes the best opportunity is a property that other buyers have overlooked.

The key is knowing what truly matters to you and what can be changed over time.

Whether you’re thinking about buying your first home, moving up, downsizing, or simply curious about what’s available, having a clear plan can make the process much easier.

The perfect home may be hard to find — but the right home is out there. 🏡

If you’re considering making a move, feel free to reach out. I’m always happy to chat about the market and what might make sense for you.

With more options available in the market, it can be tempting to focus on finding the cheapest home possible. But the lowest price doesn’t always mean the best value.

Things like location, condition, future resale potential, property taxes, strata fees, and upcoming expenses can all make a big difference in the long run.

The goal isn’t just to find a home you can afford — it’s to find a home that makes sense for you financially and personally.

Sometimes, paying a little more for the right property can be a much better decision than getting a “deal” on the wrong one. 🏡

One of the biggest advantages in real estate isn’t necessarily having the most money — it’s being ready when the right opportunity comes along.

Having your financing in place, knowing what you want, and understanding the market can make a huge difference when that perfect home hits the market.

In a market with plenty of options, buyers can take their time and be selective. But when the right property comes along, being prepared can help you move quickly and confidently.

If you’re thinking about buying this year, it’s never too early to start getting prepared. 🏡

Whether you’re buying or selling, the most successful real estate transactions usually have one thing in common: preparation.

For buyers, getting pre-approved, understanding your budget, and knowing what you’re looking for can make all the difference when the right home comes along.

For sellers, taking the time to declutter, complete small repairs, and price your home correctly from day one can lead to more interest and stronger offers.

The market will always have ups and downs, but being prepared puts you in the best position to take advantage of the opportunities that come your way.

Even if you’re not planning to move for another six months or even a year, starting the conversation early gives you time to make informed decisions without feeling rushed.

If you have questions about the current market, your home’s value, or you’re just wondering what your options are, don’t hesitate to reach out. I’m always happy to help—no pressure, just honest advice.

One of the biggest questions I get is, “Is now a good time to buy or sell?”

The truth is, there’s rarely a perfect time. Every market has its opportunities, and the right decision depends on your goals—not the headlines.

For buyers, there may be more inventory to choose from, less competition, or more room to negotiate. For sellers, properly priced homes that show well are still attracting serious buyers.

Real estate is a long-term investment. Waiting for the “perfect” market can sometimes mean missing the right home or delaying plans that matter to you and your family.

Whether you’re buying your first home, moving up, downsizing, or simply curious about what your property is worth, having the right information helps you make confident decisions.

If you’re thinking about making a move—even if it’s months away—I’d be happy to answer your questions and help you build a plan.

📩 Feel free to reach out anytime. There’s never any pressure, just honest advice.

The Surrey-Langley SkyTrain extension is no longer just a plan—it’s quickly becoming a reality. Construction is well underway, and the progress happening along Fraser Highway is changing the landscape of both Surrey and Langley.

The 16-kilometre extension will add eight new SkyTrain stations, connecting King George Station to Langley City Centre. As of this year, all eight stations are officially under construction, more than 30% of the elevated guideway has been completed, and track installation has already begun. The line is expected to open in late 2029.

So why does this matter?

Improved transit has historically had a positive impact on surrounding communities. Easier access to rapid transit often leads to increased demand for nearby homes, new businesses, higher-density development, and more amenities. While no one can guarantee future home values, properties located near major transit investments have traditionally attracted strong buyer interest.

Once complete, the SkyTrain is expected to reduce travel time between Langley City Centre and King George Station to approximately 22 minutes—more than 25 minutes faster than today’s bus service. It will also provide a direct connection to the rest of Metro Vancouver without needing to sit in Fraser Highway traffic.

If you’ve driven through Surrey or Langley lately, you’ve probably noticed lane closures, construction equipment, and major work taking place. While the short-term inconvenience can be frustrating, it’s all part of one of the largest infrastructure investments in our region’s history.

Whether you’re a homeowner, investor, or someone thinking about buying in Surrey or Langley, this is a project worth watching. As the stations continue to take shape over the next few years, we can expect continued growth, redevelopment, and exciting opportunities throughout the Fraser Highway corridor

If you’re thinking about making improvements to your home, now is a great time to look into energy-efficient upgrades. Between rebates offered through FortisBC, CleanBC, and select federal and provincial programs, homeowners can significantly reduce the upfront cost of renovations while lowering their monthly utility bills.

Some of the most popular upgrades include high-efficiency heat pumps, heat pump water heaters, insulation, windows, and smart home energy improvements. While the initial investment can vary, here are some rough estimates:

Heat pump: $10,000–$20,000+

Heat pump water heater: $3,000–$6,000

New windows: $800–$1,500 per window

Additional insulation: $2,000–$8,000

Fortunately, many of these upgrades qualify for rebates. For example, eligible homeowners can receive up to $4,000 toward a qualifying cold-climate heat pump and up to $1,000 for an eligible heat pump water heater, with even higher rebates available for income-qualified households. Programs and funding levels can change, so it’s always worth checking what’s currently available before starting your project.

Beyond the rebates, these improvements can pay off over time through lower heating and cooling costs, improved comfort, and reduced maintenance. Depending on your home and the upgrades you choose, it’s not uncommon for homeowners to save hundreds of dollars per year on energy bills while increasing the overall value and appeal of their property.

If you’re planning to stay in your home for years to come, these upgrades can provide long-term savings. If you’re thinking about selling, buyers are placing more value on energy-efficient homes because they know they’ll benefit from lower operating costs from day one.

Before starting any renovation, be sure to check the latest rebate programs available through FortisBC and CleanBC, or speak with a qualified contractor who can help determine which incentives your project may qualify for. A little research upfront could save you thousands.

Have you ever wondered why two nearly identical homes can sell for very different prices? One of the biggest factors is the view.

Whether it’s overlooking the ocean, mountains, a golf course, or even a beautiful city skyline, buyers are often willing to pay a premium for what they see every day. A great view isn’t just about aesthetics—it’s about lifestyle.

The same applies to condos. In many buildings, higher floors typically command higher prices thanks to better views, increased privacy, and less street noise. Even if the layout is identical, the floor you’re on can make a significant difference in value.

While a view isn’t everything, it’s one of those features that can’t be renovated or added later. Location and outlook are permanent, and buyers recognize their value.

If you’re buying or selling, don’t underestimate the impact of what’s outside the window.

Summer is one of the busiest seasons in real estate—and for good reason. Longer days, beautiful weather, and increased buyer activity make it an excellent time to buy or sell a home.

If you're thinking about selling, preparing your home with a little curb appeal, a deep clean, and a few small updates can make a lasting first impression. If you're buying, having your financing in place and knowing your priorities can help you move quickly when the right property comes along.

Whether you're ready to make a move or just exploring your options, staying informed is the first step toward making confident real estate decisions.

Have questions about today's market or wondering what your home could be worth? I'd be happy to help. Reach out anytime! 🏠✨

There seems to be a lot of hesitation in today’s real estate market. Between interest rates, economic headlines, and uncertainty about the future, many buyers are choosing to wait. But sometimes waiting can be more costly than taking action.

One of the biggest advantages buyers have right now is choice. Inventory levels are higher than they’ve been in years, which means more homes to choose from and less competition compared to the frenzy we saw during the pandemic market.

Buyers also have more negotiating power. Conditions such as financing, inspections, and longer possession dates are becoming more common again. In many cases, sellers are willing to work with buyers to get a deal done.

Another thing to consider is that trying to time the market perfectly is nearly impossible. Many of the people who bought homes years ago were nervous too. What mattered most wasn’t buying at the absolute bottom, it was getting into the market and starting to build equity.

If interest rates decrease in the future, more buyers will likely enter the market, increasing competition and potentially driving prices higher. Buying now could allow you to secure a home while conditions remain favorable.

Every situation is different, but if you’ve been thinking about buying, today may be worth a closer look than you think.

If you’d like to discuss your options and see what’s available in today’s market, feel free to reach out.