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November 10, 2022HOUSING: NON-INDIVIDUAL OWNERSHIP, 2020 New data released under Statistics Canada's Canadian Housing Statistics Program shows that in 2020, corporations owned 5.7% of residential properties in Nova Scotia while governments owned 1.9%. Individuals owned 91.9% of residential properties in Nova Scotia.
In all provinces for which this data is reported (Nova Scotia, New Brunswick, Ontario, Manitoba and British Columbia), individual owners hold the vast majority of residential properties. Manitoba had the lowest share of residential properties owned by individuals at 88.8%.
Corporations owned between 5.7% and 6.2% of residential properties in these provinces, with the lowest share in Nova Scotia and the highest in Manitoba.
Governments owned 1.9% of residential properties in Nova Scotia. This was comparable to New Brunswick and higher than in Ontario, but lower than in either Manitoba or British Columbia.
Within Nova Scotia, individual ownership was slightly lower as a share of all residential properties in the Cape Breton Regional Municipality (where government ownership was highest). In Halifax and Kentville, corporate ownership accounted for a larger share of residential properties.
The majority of residential properties held by individuals were single dwelling units in all reporting jurisdictions except British Columbia, where condominium apartments and row houses make up a larger portion of individual residential ownership.
The bulk of residential properties owned by governments across the reporting provinces were classified as vacant land with most of the remainder being single dwelling units and units in multi-unit buildings.
Vacant land also made up the largest portion of residential properties held by corporations in most reporting provinces, with the exception of British Columbia. Single dwelling units, dwellings in multi-unit buildings and condominium apartments made up the next largest shares of residential properties held by corporations.
Source: Statistics Canada. Table 46-10-0023-01 Business and government ownership of residential properties, by legal type and industry; Table 46-10-0053-01 Ownership type and property use by residential property type and period of construction
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