Canada
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Investors made up 20 to 30% of homeowners in some provinces: StatsCan

New Statistics Canada data shows investors made up almost one third of home owners in some provinces in 2020. Houses and townhouses are seen in an aerial view, in Langley, B.C., May 16, 2018.
New Statistics Canada data shows investors made up almost one third of home owners in some provinces in 2020. Houses and townhouses are seen in an aerial view, in Langley, B.C., May 16, 2018. Photo by DARRYL DYCK / FILES /THE CANADIAN PRESS

OTTAWA — New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020.

The data agency says investors made up 31.5 per cent of Nova Scotia’s homeowners that year and 29 per cent of New Brunswick’s property holders.

From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Investors in British Columbia came in at 23.3 per cent followed by 20.4 per cent in Manitoba and 20.2 per cent in Ontario.

When grouped together, the data agency’s calculations show under one in five homes in British Columbia, Manitoba, Ontario, New Brunswick and Nova Scotia was considered an investment property in 2020.

Houses used as an investment were mainly owned by individuals living in the same province as the property.

However, condo apartments were used as an investment more often than houses, with Ontario alone seeing the highest rate of condo apartments used as investments at 41.9 per cent.