Investors own 23.7 per cent of Ontario homes, report says

A new report has found that owners of multiple properties remain the drivers of real estate purchasing in Ontario, as first-time buyers and people moving house slowed down their purchases in 2023.

The story over the past decade-plus has been a surge in the number of homes purchased by multiple-property owners, according to Teranet Inc., the private company that manages property registration records in Ontario. In 2011, multiple-property owners accounted for 15.3 per cent of home purchases, but by 2022 their share of the market reached 25.2 per cent of all homes sold in the province.

According to Teranet’s Market Insight Report, the multiowner share of the market slipped in 2023 to 23.7 per cent, but that’s still enough to keep the leading market share, having surpassed the next largest group – first-time home buyers – in 2021.