Quote:
Originally Posted by EvoFire
... but do they categorize whether if 2 properties were held onto for some period of time before inclusion? Cause otherwise some one like me would have skewed that data, and in this red hot market probably very common as well.
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Cases like yours was specifically accounted for and separated out from multi-property owners in the research. For anyone interested in the research report as opposed to the article's summary:
https://financialservices.teranet.ca...0Q4%202021.pdf
Here's another study released by Bank of Canada today: "A new study from the Bank of Canada released Thursday found
investors accounted for nearly 20 per cent of home purchases dating back to 2014, a figure that has rapidly outpaced other types of buyers during the COVID-19 pandemic."
https://www.bnnbloomberg.ca/investor...nada-1.1707216
We definitely need to address both sides of the supply/demand equation but building tens of thousands of properties will take years (assuming you can even solve the NIMBY issue) whereas we can remove 20% of unnecessary demand from speculative investors immediately.