In 2020, just shy of 42% of Ontario condos were owned by investors (including landlords, short-term rental owners, businesses, and developers), rather than primary homeowners. StatCan_eng | realestate realestatenews Ontario housing condos
As Ontario struggles with a significant undersupply of housing, investors are holding onto a marked share of condominium apartments across the province.from Statistics Canada , investors, including landlords, short-term rental owners, businesses, and developers, accounted for 41.9% of the condos owned in Ontario in 2020. In the City of Toronto, investors made up 36.2% of condo owners.
Across all five provinces, 918,695 houses were used as an investment, of which 584,615 were in Ontario alone. As with condos, in-province investors accounted for the highest proportion of owners, at 10.9%, while out-of-province investors made up just 0.3% of owners. The latter figure is likely due to higher real estate prices, StatCan noted.
In the Toronto CMA, which stretches east to Ajax, west to Milton, and north to Georgina, investment properties – both condos and houses – were concentrated in the downtown core.
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