Union city condos.People who own multiple properties in Canada own as many as 41%. According to the latest statistics from Statistics Canada, owners of multiple properties in Ontario, British Columbia, Nova Scotia and New Brunswick hold 29% to 41% of the housing stock in 2019 and 2020.Please Visit: Union city condos to Get Your VVIP Registration Today!
According to the Canadian Housing Statistics Project (Canadian Housing Statistics Program), multi-home ownership (multiple-property ownership) accounts for 41 per cent of housing stock in Nova Scotia, 39 per cent of housing stock in New Brunswick, 31 per cent of Ontario housing stock and 29 per cent of British Columbia housing stock.
The report points out that in an already tight real estate market, homeowners seeking more properties have intensified competition, making it more difficult for potential buyers to buy homes. However, the overall impact of these properties on house prices and housing affordability depends on a number of factors, which have not been fully assessed.
People who own multiple properties account for 22 per cent of all owners in Nova Scotia, 20 per cent in New Brunswick, 16 per cent in Ontario and 15 per cent in British Columbia.
In 2020, most multi-suite owners own all their houses in the same census metropolitan area (CMA), and about 40% of these owners own all their houses in the same population subareas of Ontario and British Columbia, in line with the rental properties that owners want to be close to them.
By contrast, individuals who own a single property account for the majority. The one-suite industry hosts about 60 per cent of houses in Ontario and BC provinces.
The data show that in these provinces, the income of the top 10 per cent of owners exceeds that of the bottom 50 per cent combined.
In Ontario and British Columbia, the top 10 per cent of homeowners each earn more than 125000 yuan a year.
The data also show that the number of first-time home buyers in New Brunswick, Nova Scotia and British Columbia increased by 17 per cent, 9 per cent and 6 per cent respectively between 2018 and 2019.
Less than a week ago, the Canadian federal government announced a series of housing measures aimed at making housing more affordable for first-time buyers, while non-residents are temporarily making it difficult for non-residents to enter the market.
