B.C. Leads in Homeowner-Investors, Outnumbering Four Other Provinces in 2020: Statistics Canada Report
In 2020, British Columbia (B.C.) saw a high proportion of homeowner-investors, accounting for nearly 10% of all homeowners in the province, according to a report by Statistics Canada. This statistic was significantly higher than four other Canadian provinces.
The report unveiled that B.C. had a prominent number of investor-occupants. These individuals own a single property consisting of multiple units, one of which serves as their primary residence.
In comparison, New Brunswick had 2.5% of homeowners as investor-occupants, followed by Nova Scotia at 1.8%. The percentages were even lower in Ontario and Manitoba, at 0.8% and 0.7% respectively.
The considerable presence of investor-occupants in B.C. was attributed to the growth in incremental forms of density. Examples of these include single-detached houses with additional suites or laneway units, as well as duplexes and triplexes.
The cities of Vancouver and Victoria also reported notable figures, with 12.5% and 12.2% of their respective homeowners being investor-occupants in 2020.
There was no study done by Statistics Canada on other provinces regarding the same data.