top of page
< Back
Category:

Suite-Specifics

Save this article  > 

Nearly One Third of Residential Properties Owned by Multiple-Property Owners

Author: 
Steve Huebl
Publication date:
April 12, 2022
Article Summary: 

Statistics Canada has revealed that nearly 30% of residential homes in Canada are owned by individuals who own multiple properties for investment purposes. This percentage varies by province, with Nova Scotia having the highest percentage of multiple-property owners, followed by British Columbia and Ontario. The report also revealed that businesses, government, and other entities own between 7.6% to 10% of the property stock. Additionally, the top 10% of owners based on annual income earn more than the bottom 50% combined, with the top 10% of individual owners owning between 24% to 29% of the sum of all residential property values depending on the province

Keywords: 

Canada, residential properties, multiple-property owners, investment, inequality.

Source Citation: 
Steve Huebl
Nearly One Third of Residential Properties Owned by Multiple-Property Owners
April 12, 2022
https://www.canadianmortgagetrends.com/2022/04/nearly-one-third-of-residential-properties-owned-by-multiple-property-owners/
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page