Residential real estate investors and investment properties in 2020
Saw this posted on reddit by Stats Canada, for me who concentrates on GTA it was pretty interesting stat comparison, even though it's from 2020 it probably gives a pretty good picture.
https://www150.statcan.gc.ca/n1/pub/46- ... sing-22-23
Highlights:
The proportion of investors among owners varied from 20.2% in Ontario to 31.5% in Nova Scotia.
Among houses and condominium apartments, just under one in five properties was used as an investment in British Columbia, Manitoba, Ontario, New Brunswick and Nova Scotia combined.
Condominium apartments were used as an investment more often than houses (single-detached houses, semi-detached houses, row houses, and mobile homes). Ontario topped the list with the highest rate of condominium apartments used as an investment, at 41.9%.
Houses used as an investment were mainly owned by individuals living in the same province as the property.
Little surprised to find Ontario has the lowest percentage of investor owned properties. Not surprised to see Ontario investor owned condos at 42%, this matches my experience.
Residential investment properties mainly owned by individuals living in the same province confirms the effect of the foreign investors on the market is a bit of a myth.
https://www150.statcan.gc.ca/n1/pub/46- ... sing-22-23
Highlights:
The proportion of investors among owners varied from 20.2% in Ontario to 31.5% in Nova Scotia.
Among houses and condominium apartments, just under one in five properties was used as an investment in British Columbia, Manitoba, Ontario, New Brunswick and Nova Scotia combined.
Condominium apartments were used as an investment more often than houses (single-detached houses, semi-detached houses, row houses, and mobile homes). Ontario topped the list with the highest rate of condominium apartments used as an investment, at 41.9%.
Houses used as an investment were mainly owned by individuals living in the same province as the property.
Little surprised to find Ontario has the lowest percentage of investor owned properties. Not surprised to see Ontario investor owned condos at 42%, this matches my experience.
Residential investment properties mainly owned by individuals living in the same province confirms the effect of the foreign investors on the market is a bit of a myth.
Full Time and Full Service Realtor