More than 40 per cent of condos in Ontario are investment properties, says report by the Canadian Housing Statistics Program
More than 40 per cent of condos in Ontario are investment properties, with investor ownership in excess of 80 per cent in smaller metropolitan areas such as London, Sarnia and Woodstock.
CHSP’s report shows that investment properties make up 36.2 per cent of condos in B.C.; 36.6 per cent in Nova Scotia; 29.2 per cent in Manitoba and 22.6 per cent in New Brunswick. “When properties are owned by investors, they can contribute to the rental housing supply and therefore meet the population’s need for rental housing,” wrote the authors, Statscan senior analysts Joanie Fontaine and Joshua Gordon. “But that can also limit the number of properties available to buyers who intend to use it as a primary place of residence.”
“Most of the investment properties were owned by an individual who lived in the province,” said Ms. Fontaine. The CHSP report found that in early 2020, more than one in five property owners was an investor. That complements Bank of Canada research that found that investor-buying doubled over the first year of the pandemic’s real estate boom and accounted for one-fifth of all residential purchases by mid-2021.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Ontario city may hand out free Faraday bags to curb car theftThe pilot program proposed by Brampton Mayor Patrick Brown is meant to help reduce the number of \u0022relay attacks\u0022 in the city
اقرأ أكثر »
Ontario honours outstanding Finlandia volunteer Reijo ViitalaSudbury man is one of just 16 seniors across Ontario presented with an Ontario Senior Achievement Award
اقرأ أكثر »
The top 8 things to do for an action-packed winter getaway in Huntsville OntarioWhile winter can be a dreary time in the city, there is tons of fun and natural wonders to experience just a few hours north of Toronto in Huntsvil...
اقرأ أكثر »
Ontario looks to strengthen bail system following several incidents of violent crimeLegal advocates oppose push to limit bail for people accused of violent crimes, and call for enhancing bail system, including surveillance program for all people on bail to ensure release conditions are being met
اقرأ أكثر »
Ontario city may hand out free Faraday bags to curb car theftThe pilot program proposed by Brampton Mayor Patrick Brown is meant to help reduce the number of \u0022relay attacks\u0022 in the city
اقرأ أكثر »
Ontario city may hand out free Faraday bags to curb car theftThe pilot program proposed by Brampton Mayor Patrick Brown is meant to help reduce the number of \u0022relay attacks\u0022 in the city
اقرأ أكثر »