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Real Condo Problem is there aren't enough investors

Data recently released by Statistics Canada revealed the percentage of residential properties owned by investors, defined as anyone who owns at least one property that is not used as their primary residence. In BC, the share was 23.3%. Ontario had the lowest share at 20.2%. The highest share was in Nova Scotia at 31.5%. The data also showed a relatively high share of investors in the condominium stock – 41.9% in Ontario and 36.2% in the Toronto CMA – almost all were used as rentals when you compare this dataset to similar data surveyed by CMHC.


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