VAUGHAN, Ont. - Liberal Leader Mark Carney says his government would double Canada’s rate of residential housing construction over the next decade to nearly 500,000 new homes per year.
I mean, basic logic would dictate that if there are 1,918,990 properties in BC (2022 stats can data linked below) and 1,622,625 of them are owned by single owners, the number of 3rd properties is going to be a lot less than the remaining amount of 15.4% because a lot of that is going to be second homes only. This is backed up by a previous statscan release, also linked below which says:
In the three selected provinces, the majority of multiple-property owners owned two properties. Just over three-quarters of multiple-property owners in British Columbia (76.7%) and Ontario (76.0%) owned two properties, as did 70.2% of multiple-property owners in Nova Scotia.
So the number of properties owned by someone who has 3 or more is about 3.5% of the total properties in the province of BC, give or take a couple percentage points because the data and those percentages are from a few years ago (but still fairly recent)
The first link you posted is the same as I posted and doesn’t reveal the percentage of 3+ home owners. Additionally, the second link you posted reveals that Vancouver has 53.6% of multiple home owners and Toronto 43.0%. If you have 3+ homes out in the sticks, its way less aggravating to the rest of the population that if you have it in a densely populated city.
The data show that nearly half of multiple-property owners who lived in the Vancouver CSD (44.8%), Surrey CSD (45.8%), Richmond CSD (44.2%) and Toronto CSD (46.8%) also owned properties within the same CSD.
Do you really think such a measure wouldn’t be important in such cities? The rich and wealthy thank you for your service as their defender. They definitely need it.
Show me the numbers. I only found numbers on multiple home owners, but not how many homes they have.
Also, I wasn’t saying it should be the only measure. Nowhere did I say that.
Awesome comment! Thanks for the links!
I mean, basic logic would dictate that if there are 1,918,990 properties in BC (2022 stats can data linked below) and 1,622,625 of them are owned by single owners, the number of 3rd properties is going to be a lot less than the remaining amount of 15.4% because a lot of that is going to be second homes only. This is backed up by a previous statscan release, also linked below which says:
So the number of properties owned by someone who has 3 or more is about 3.5% of the total properties in the province of BC, give or take a couple percentage points because the data and those percentages are from a few years ago (but still fairly recent)
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610003801 https://www150.statcan.gc.ca/n1/pub/46-28-0001/2019001/article/00001-eng.htm
Just for context, BC builds about 2.5% new housing each year, so it’s a little more than a year’s worth of inventory.
The first link you posted is the same as I posted and doesn’t reveal the percentage of 3+ home owners. Additionally, the second link you posted reveals that Vancouver has 53.6% of multiple home owners and Toronto 43.0%. If you have 3+ homes out in the sticks, its way less aggravating to the rest of the population that if you have it in a densely populated city.
Do you really think such a measure wouldn’t be important in such cities? The rich and wealthy thank you for your service as their defender. They definitely need it.