Who Invests in Ontario’s Housing Market?
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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
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