Royal Lepage has recently released it’s report as to the state of investment properties in Canada.
Survey highlights:
- Approximately 4.4 million Canadians currently own an investment property
- 26% of all Canadians say they are likely to buy an investment property within the next five years
- One-third of Canadian real estate investors (32%) own two or more properties
- Younger investors, those aged 18 to 34, are more likely to own more than one investment property compared to their older counterparts (aged 35+)
- 15% of Canadian residential investors do not own their primary residence; the majority of whom are aged 18-34
- Nearly one third of investors in Canada (31%) have considered selling one or more of their investment properties due to higher lending rates
- 20% of investors in the Greater Montreal Area say they are likely to sell one or more of their investment properties within the next two years; this percentage rises to 24% and 28% in the greater regions of Toronto and Vancouver
