CMHC: Housing Market Insight report on Rental Ownership Structure in Canada
CMHC released a Housing Market Insight report on Rental Ownership Structure in Canada. It is part of an on-going effort to address “data gaps”, focussing on the ownership structure of the purpose-built rental market and the extent of foreign ownership within that segment of housing in Canada. The data upon which the report is based comes from a new set of questions added to CMHC’s 2016 Rental Market Survey.
Key highlights include:
• Roughly 90 per cent of purpose-built rental apartment units in Canada are owned by individual investors and private corporations.
• Units owned by individual investors tend to have lower rents than units owned by other ownership types, but the difference is smallest in the most expensive markets.
• The share of foreign ownership of purpose-built rental apartments is small. Nationally, it stands at 2.4 per cent.
If you have any questions or require more information, please email CMHC’s Market Analysis Centre at firstname.lastname@example.org