Who invests in Nova Scotia’s housing market?

Release date: December 11, 2018
Who invests in Nova Scotia’s housing market?
Who invests in Nova Scotia’s housing market?

Who invests in Nova Scotia’s housing market?

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

There are almost 450,000 residential properties in Nova Scotia.

  • 3.9% are owned by non-residents of Canada.
  • 96.1% resident owned

Average assessment value

  • $126,000: non-resident owned
  • $168,000: resident owned

Non-residents own 2.5% of the residential properties in the Halifax CMA

  • 45.6% are single detached homes.
  • 25.3% is vacant land.

7.9% are owned by non-individuals (e.g. businesses, governments, non-profits).

  • 7.9% are owned by non-individuals
  • 92.1% owned by individuals

Non-individual owned property types

  • Single-detached house: 23.0%
  • Semi-detached house: 2.3%
  • Row house: 1.0%
  • Condominium apartment: 4.7%
  • Property with multiple residential units: 16.6%
  • Vacant land: 50.3%

40.9% of the properties owned by non-individuals are in the Halifax CMA.

CMA: Census metropolitan area

Source: Statistics Canada, Canadian Housing Statistics Program

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

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