In Vancouver, non-residents own condos that are on average worth $96,000 more than residents’ condos. OntarioCondominiums were the most popular type of property when it came to non-resident ownership in Ontario. ( Andrew Francis Wallace / Toronto Star )Homes owned only by non-residents of Canada accounted for 2 per cent of residential properties in Ontario. Looking at houses, non-resident ownership rates are higher for newer properties with greater assessment values. ( Dreamstime )In Nova Scotia, foreign buyers aren’t interested in the city, with picturesque places like Cape Breton Island and the province’s south shore driving up overall rates of non-resident ownership.
Source: thestar March 13, 2019 00:22 UTC