Non-resident investors find Canada’s real estate markets so nice they’re buying it twice… or thrice, sometimes more. Data from the Canadian Housing Statistics Program (CHSP) shows substantial non-resident homeownership. Not new, but what is surprising is the share of non-residents, who have income tax obligations in another country, that owned multiple homes in 2020. Over 1 in 10 non-resident homeowners across Canada owned at least two properties.
Over 1 in 10 of Canada’s Non-Resident Homeowners Own Several
Canadian real estate’s investment boom attracted significant non-resident ownership. About 3.5% of homeowners in Canada were non-resident owners, that’s roughly 340,735 owners. Over 1 in 10 (10.2%) of those non-resident owners held multiple properties in the same region. As we stated before, multiple properties can be rentals, AirBNB, vacation homes, or…
