New numbers released by Statistics Canada provide a picture about the rate of ownership of homes in the country by non-residents.
Non-residents are Canadian and non-Canadian citizens whose primary residence is outside Canada.
The data package covers residential properties in the four provinces British Columbia, New Brunswick, Nova Scotia, and Ontario.
In a summary Friday (September 17), the agency reported that the share of residential properties owned by non-residents was unchanged from 2019 to 2020 in Ontario at 2.2 percent, and New Brunswick, 2.9 percent.
In Nova Scotia, the rate dropped from four percent in 2019 to 3.6 percent in 2020.
Meanwhile, in B.C., the rate declined slightly from 3.2 percent in 2019 to 3.1 percent in 2020.
In detail, there was a total of 1,768,680 homes in B.C. in 2020.
Out of this number, 96.9 percent was owned by residents.
Statistics Canada also reported that among the largest census metropolitan areas or CMAs in the four provinces, the rate of non-resident ownership of homes “remained highest in Vancouver”.
The rate at the Vancouver CMA is 4.2 percent in 2020.
The Vancouver CMA corresponds to the boundaries of the Metro Vancouver regional district.
Also, Statistics Canada reported that in the Toronto CMA, which is essentially the Greater Toronto Area, the rate of non-resident ownership rose from 2.6 percent in 2019 to 2.7 percent in 2020.
It added that the census subdivision or CSD of the city of Toronto “continued to have the highest non-resident ownership rate”, which was 3.8 percent.
Meanwhile, among all CSDs or municipalities in the Vancouver CMA, the CSD of the city of Vancouver, which includes the University Endowment Lands, had the “highest non-resident ownership rate from 2018 to 2020”, which was 14.9 percent in 2020.