38% OF TORONTO CONDOS AREN’T ALWAYS OCCUPIED BY OWNERS – GLOBE AND MAIL SEPT/2021

The number of non-owners who occupied properties went up by 34,915 in 12 months to January/2020. The Canadian Housing Statistics Program (CHSP) said “when a property is not owner-occupied in the cities with major universities, they are most likely rented or vacant. When it’s more rural they might be used for recreational purposes.” CHSP reported the percentage of foreign-owned property remained steady from 2019 to 2020, with the highest share in the Vancouver region. That area was close to the University of British Columbia – where 17% of foreign owners topped the list, followed by 7% in Toronto. The data is based on early 2020.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s