News
Vancouver Condo Investors Won't Let Go
May 27, 2015
Most Vancouver condo investors expect to hold on to their last purchased secondary units for more than five years, according to a Canada Mortgage and Housing Corp survey. The study, which also examines Toronto's condo market, is part of a CMHC effort to better understand the role and prevalence of investors in Canada's housing markets. The majority of investors in the two cities own few units, and nearly three-quarters of them own just one secondary unit (10% own three or more). And 90% don't anticipate buying more units in the next year, the survey says.
