Statistics Canada is working with CMHC to fill in gaps in housing data. Yesterday the Canadian Housing Statistics Program (CHSP) released their first data, covering the residency status of property owners in Toronto and Vancouver.
Housing affordability is an important issue for Canadians and this initiative aims to provide better data to inform policy. Over the past decade, home prices have accelerated in Canada’s biggest cities and this release begins looking at the impact of non-resident ownership.
For a more detailed report on the residential property holdings in both CMAs, see the article "Non-resident Ownership of Residential Properties in Toronto and Vancouver: Initial Information from the Canadian Housing Statistics Program" from the publication Economic Insights (Catalogue number11-626-X). This release is also accompanied by two infographics, one for the Vancouver CMA and one for the Toronto CMA.