{"id":1518,"date":"2016-04-08T08:55:39","date_gmt":"2016-04-08T15:55:39","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=1518"},"modified":"2016-04-07T10:02:31","modified_gmt":"2016-04-07T17:02:31","slug":"cmhc-releases-report-on-foreign-ownership","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/04\/cmhc-releases-report-on-foreign-ownership\/","title":{"rendered":"CMHC Releases Report on Foreign Ownership"},"content":{"rendered":"

\u201cThe really interesting thing about this report is the insight it provides into foreign ownership of condominiums in Canada by age of structure. For example, in the downtown core of Toronto, we know that, in buildings completed since 2010, about 10% of those units are owned by foreign buyers,\u201d Bob Dugan, chief economist, Canada Mortgage and Housing Corporation, said. \u201cThis compares to about 2.3 percent for units completed during the 1990s. This represented another piece in the puzzle of foreign investment in Canada. It remains a top priority for CMHC to continue to get more information on foreign investment in Canada\u2019s Housing market.\u201d<\/p>\n

The report found that foreign ownership is most prevalent in new condo buildings in Toronto and Vancouver.<\/p>\n

In Toronto about 10% of newer buildings (built after 2010), compared to 2% of those buildings built in the 1990s.<\/p>\n

A similar trend was found in Vancouver, where 6% of units in newer buildings are believed to be foreign-owned.<\/p>\n

Highlights from the report include :
\n\u2022 In the Toronto CMA, the share of foreign ownership is less than 2% for buildings completed before 1990 and 7% for newer constructions completed since 2010. This effect is even more pronounced in Toronto Centre where about 10% of the newer stock is owned by foreigners.
\n\u2022 In the Vancouver CMA, foreign buyers\u2019 share rises from less than 2% for properties built before 1990 to about 6% for those completed since 2010.
\nThe stats were pulled from a fall 2015 survey. Click here<\/a> to read the full report.<\/p>\n

CMHC Releases Report on Foreign Ownership<\/a> by Justin da Rosa | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe really interesting thing about this report is the insight it provides into foreign ownership of condominiums in Canada by age of structure. For example, in the downtown core of … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1518","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\nCMHC Releases Report on Foreign Ownership • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/04\/cmhc-releases-report-on-foreign-ownership\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CMHC Releases Report on Foreign Ownership • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"\u201cThe really interesting thing about this report is the insight it provides into foreign ownership of condominiums in Canada by age of structure. 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