The types of amenities that were once popular in condos have changed.

While demographics are a way to predict some uncertainties that await an aging real estate industry, understanding human values is a more accurate compass.

According to a new CIBC World Markets report, non-permanent residents (NPRs) of Canada are reshaping the country’s housing market. The report, which notes that NPRs have now reached record levels, at 770,000 people, says this demographic is a major force capable of influencing macro-economic variables like housing activity.