Wondering What Makes Condo Investors Tick?

The Canada Mortgage and Housing Corporation has released the findings of its 2014 Condominium Owners Survey, which polled people who owned more than one condominium in both Toronto and Vancouver.

“Our results illustrate that most COS investors own few units,” said Principal Market Analyst for the Canada Mortgage and Housing Corporation, Dana Senagama. “In fact, nearly three-quarters of COS investors own only one secondary unit, while 10 per cent own three or more secondary units… and 90 per cent don’t anticipate purchasing more units within the next year.”

The full text of the report is available for free at the Canada Mortgage and Housing Corporation website here.

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