The Canada Mortgage and Housing Corporation has released the results of it’s fall 2015 survey of foreign ownership in condominiums in Canada.
The survey found that the shares of foreign ownership in condos were lowest in Regina, at 0 per cent, and highest in Toronto and Vancouver, at 3.3 per cent and 3.5 per cent respectively.
“The results of the fall 2015 survey indicate that the shares of foreign ownership in condominium apartments remained low in the 16 CMAs surveyed. While this provides insight, more information is needed on foreign ownership and investment in Canadian housing markets,” said Felicia Mutheardy, Senior Economist with the Canada Mortgage and Housing Corporation. “CMHC is exploring ways to access additional data on foreign ownership and investment in collaboration with other housing industry stakeholders.”
For more information, the full Housing Market Insight report from the Canada Mortgage and Housing Corporation is available here.