A portrait of residential multiple-property owners, 2018: British Columbia, Ontario and Nova Scotia
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Release date: September 27, 2019
Description: A portrait of residential multiple-property owners, 2018: British Columbia, Ontario and Nova Scotia
A portrait of residential multiple-property owners, 2018: British Columbia, Ontario and Nova Scotia
Multiple-property ownersFootnote 1 make up a small share of all owners.
British Columbia
- 268,660 multiple-property owners
- 15% of all owners
Ontario
- 835,175 multiple-property owners
- 15% of all owners
Nova Scotia
- 82,660 multiple-property owners
- 22% of all owners
Where do multiple-property owners live?
British Columbia
- 54% live in the Vancouver CMAFootnote 2
- 31% live outside of British Columbia CMAs
Ontario
- 43% live in the Toronto CMA
- 22% live outside of Ontario CMAs
Nova Scotia
- 35% live in the Halifax CMA
- 65% live outside of the CMA
Most multiple-property owners own two properties.
Province | Two properties | Three properties | Four or more properties |
---|---|---|---|
British Columbia | 77% | 16% | 7% |
Ontario | 76% | 16% | 8% |
Nova Scotia | 70% | 19% | 11% |
Multiple-property owners live in single-detached houses.
CMA | Single-detached house |
---|---|
Vancouver CMA | 52% |
Toronto CMA | 74% |
Halifax CMA | 86% |
At least half of multiple-property owners in the largest CMAs own all their properties in the same CMA
CMA | Share of multiple-property owners who own all their properties in the same CMA |
---|---|
Vancouver CMA | 66% |
Toronto CMA | 58% |
Halifax CMA | 53% |
Multiple-property owners have higher valued usual residences than single-property owners.
CMA | Single-property owners | Multiple-property owners |
---|---|---|
Vancouver CMA | $936,000 | $1,280,000 |
Toronto CMA | $610,000 | $759,000 |
Halifax CMA | $245,000 | $268,000 |
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