Statistics Canada housing data shows that, in 2021, across the provinces, 15–27% of houses were owned as an investment/secondary property (i.e., not an owner’s primary residence)—with PEI 27%, Nova Scotia 20%, Ontario/Manitoba/New Brunswick/B.C. generally in the mid-teens.

Condos skewed higher, with 30–42% of condo apartments owned as secondary properties in the provinces studied. (Perspectives Journal).

In related data, as shown in the table below, 30 to 40% of the property stock in Ontario, BC, New Brunswick and Nova Scotia is owned by multiple property owners. (Statistics Canada).

In the US, Reventure estimates that 25% of the housing stock is owned by those who do not use it as a primary residence.

Aging and leveraged owners are increasingly looking to downsize real estate exposure in many areas all at once. This is a macro theme with legs.

Real estate investors are releasing a major housing market warning, with Redfin reporting the biggest drop in investor purchases in 2 years occurring in Q2 2025. This data from Redfin suggests real estate investors are continuing to exit the housing market, and that buying conditions are still very weak in 2025. The result is that inventory and price cuts are now rising in markets with the most investor exposure, resulting in home price declines. Here is a direct video link.

Find a house for cheap in Florida, sellers are stuck and Zillow is NOT showing the price drops in the MLS. Here is a direct video link.

Move Smartly Editor and Host, Urmi, once again speaks to John and Steve on what is going on in the data and on the ground in Toronto and Vancouver. This month, more sales but some surprising price drops continuing not only in condos but house sector. Plus, how will interest rates, economic uncertainty and headlines about a condo market collapse play into consumer sentiment? And, an Ontario real estate brokerage scandal puts (another) black eye on the industry. Here is a direct video link.