Quote:
Originally Posted by dc_denizen
95% of Toronto single family homes are owned by Native born Canadians .
Condos are half owned by foreign born buyers
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I suppose I can see it for the condos. Most of the residents are immigrants, so it would make sense if much of the owners were immigrants too.
95% of SFHs being non-immigrant owned seems hard to believe though. Is that for the City of Toronto of for the GTA?
For the GTA there should be much more immigrant owners. I suspect that most of the immigrants in the city proper are either renters or condo owners, but there should still be a decent number of immigrant homeowners in the neighbourhoods north of the 401. However, in the suburbs, the immigrants are much more middle class, and the housing stock is mostly SFH, so the % of SFHs owned by immigrants should be much higher than that.