Non-Resident ownership of condo apartments remains low and stable: CMHC

Non-Resident ownership of condo apartments remains low and stable: CMHC

The share of condominium apartments owned by non-residents remains low in the 17 Canadian Census Metropolitan Areas (CMAs) surveyed, with the majority reporting shares of less than 1%. Non-resident ownership shares remained stable in Vancouver and Toronto, while Montreal saw an increase. Results are from Canada Mortgage Housing Corporation’s (CMHC) Housing Market Insight — Canada released today … Read Full Article