condo investment

Toronto Condos

CondoBusiness

Few condo owners are foreign investors: CMHC

The latest Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC) revealed that investor-owned Toronto condominiums represent 2.4 per cent of the region’s inventory. According to the CMHC, that number is the highest among major Canadian metros surveyed in the report. In Vancouver and Montreal, foreign ownership in condominiums totaled 2.3 per cent and 1.5 per cent, respectively.