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online loans How Citadel transformed stock market. Trudeau unveils women only task force. Twitter CEO’s first tweet selling as NFT. Share Share this Story: Douglas Todd: New immigrants’ Vancouver houses worth $824,000 more Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrNews Local News COVID 19 Politics National COVID 19 Crime World Education Staff Blogs Weather Podcasts BC Public Sector Salaries Database Archives Hot Topics Business Local Business Open during COVID Featured Businesses Energy Mortgages Real Estate Commercial Real Estate Economy Next Technology Gaming Internet Personal Tech Retail FP Markets Small Business BC Top Employers Opinion Columnists Letters Op Ed Sports Hockey Vancouver Canucks NHL Football BC Lions CFL NFL Soccer Vancouver Whitecaps MLS International Baseball Basketball NBA NCAA Golf Golf Videos MMA Curling Tennis Auto Racing Arts Local Arts Celebrity Movies Movie Listings Television TV Listings Music Theatre Festivals Books Life Shopping Essentials Food Local Food Reviews Recipes Wine Country Salut! Health Local Health Diet Fitness Family Child Men Women Seniors Sexual Health Fashion Beauty Parenting Relationships Royals Puzzles New York Times Crossword Comics Advice Horoscopes Contests National Contests Homes Buying Selling Westcoast Homes and Design Current Issue Condos Decorating Gardening Renovating Out of Town Properties Travel Local Travel International Travel Obituaries Place an Obituary Place an In Memoriam Classifieds Place an Ad Celebrations Real Estate Marketplace Local Directory This Week’s Flyers Jobs Auction Driving All Driving News Reviews Car Comparison Buyer’s Guide Healthing The GrowthOp Videos ePaper Our Offers My Account FAQShare this Story: Douglas Todd: New immigrants’ Vancouver houses worth $824,000 more Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrBreadcrumb Trail Links Staff Blogs Real Estate Politics National Local News Columnists Buying Selling Douglas Todd: New immigrants’ Vancouver houses worth $824,000 more The typical value of a detached Metro Vancouver home owned by a new immigrant is $2.3 million, compared to $1.5 million for that of a Canadian born person. Photo by Jonathan Hayward /THE CANADIAN PRESS Article content New immigrants to Metro Vancouver are much more likely to buy mansions than Canadian born residents, according to a new Statistics Canada report.The detached houses bought by recent immigrants to Metro Vancouver are, on average, valued $824,000 higher than such homes owned by people born in Canada.The typical value of a detached Metro Vancouver home purchased by a new immigrant was $2.3 million in 2017, compared to $1.5 million for that of a Canadian born person.The housing gap grows even wider depending on the category of immigrant. The average value of a detached house bought by more than 4,400 millionaire immigrants who came to Metro Vancouver in the past decade under the federal government’s now defunct investor program, or the investor scheme still operated by Quebec, is more than $3.2 million.Citizens of specific countries arrive with the most to spend on loans

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