Who Invests in Ontario’s Housing Market?

Release date: December 11, 2018
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Who Invests in Ontario’s Housing Market?
Who Invests in Ontario’s Housing Market?

Who Invests in Ontario’s Housing Market?

New annual data from the Canadian Housing Statistics Program provide more information on the patterns of investment in Ontario's residential properties by non-residents and non-individuals for 2018.

There are over 4.8 million residential properties in Ontario

  • 2.2% are owned by non-residents of Canada
  • 97.8% resident owned

Average assessment value

  • $430,000: non-resident owned
  • $450,000: resident owned

Non-residents own 2.6% of the residential properties in the Toronto CMA.

  • 47.5% were built after the year 2000.
  • 49.4% are condominium apartments.

7.4% are owned by non-individuals (e.g. businesses, governments, non-profits)

  • 7.4% are owned by non-individuals
  • 92.6% owned by individuals

Non-individual owned property types

  • Single-detached house: 18.1%
  • Semi-detached house: 1.9%
  • Row house: 4.9%
  • Condominium apartment: 19.8%
  • Property with multiple residential units: 9.1%
  • Vacant land: 43.2%

1 in 5 properties in the London CMA is owned by non-individuals.

CMA: Census metropolitan area

Source: Statistics Canada, Canadian Housing Statistics Program

Tables: 46-10-0018-01 & 46-10-0019-01

More information

Note of appreciation

Canada owes the success of its statistical system to a long-standing partnership between Statistics Canada, the citizens of Canada, its businesses, governments and other institutions. Accurate and timely statistical information could not be produced without their continued co-operation and goodwill.

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Statistics Canada is committed to serving its clients in a prompt, reliable and courteous manner. To this end, the Agency has developed standards of service which its employees observe in serving its clients.

Copyright

Published by authority of the Minister responsible for Statistics Canada.

© Her Majesty the Queen in Right of Canada as represented by the Minister of Industry, 2018

All rights reserved. Use of this publication is governed by the Statistics Canada Open Licence Agreement.

Catalogue no. 11-627-M

Frequency: Occasional

Ottawa

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