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Majority of homeowners in BC are investors

Darpan News Desk The Canadian Press, 23 May, 2023 04:27 PM

New numbers released by Statistics Canada show investor-occupants made up almost 10 per cent of British Columbia homeowners in 2020.

The agency says B-C's share of investor-occupants -- who own a single property with multiple units -- is much higher than in other provinces.

Investor-occupants made up 2.5 per cent of New Brunswick's homeowners, 1.8 per cent in Nova Scotia, 0.8 per cent in Ontario and 0.7 per cent in Manitoba.

The agency attributes the high numbers in B-C to incremental forms of density, such as single-detached houses with secondary suites or laneway units, duplexes, or triplexes.

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