new housing construction
The end-users who occupy the finished product, a condominium or a house in a new subdivision, would like to avoid the long waits, cost and price uncertainties and many other risks that are part and parcel of large-scale construction. Investors assume those risks and deserve the rewards that come with it.
Some housing advocates object to investors owning multiple dwellings in Canada. They argue that investors restrict homeownership opportunities forby owning multiple dwellings. This argument would hold merit if there were no rental households in Canada. A partial portrait of housing investors became available in February when the Canadian Housing Statistics Program , an initiative of Statistics Canada, reported on who invested in residential properties in Nova Scotia, New Brunswick, Ontario, Manitoba and British Columbia.Article content