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CMHC Study Shows Condo Investors are Here for the Long Haul
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(Posted on Apr 10, 2016 at 01:00PM by Michelle Bogle)
A recent study by the Canada Mortgage and Housing Corporation (CMHC) shows that condominium investors in Vancouver are here to stay.
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Who are these investors?Â
According to the 2015 Condominium Owners Survey, most are small-scale investors who own a secondary unit as a way to generate rental income.Â
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Many of these investors are expected to retain ownership of their investment properties for some time – about 60% plan to hold on to their units for more than five years, compared to the 8% who are planning to sell in less than two years.
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Of these investors, 56% expect that their units will appreciate, 35% do not expect a significant change and 5% anticipate a decrease in value.Â
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Overall, the survey results point to a very stable condo market.
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You can view the Condominium Owners Report in its entirety by clicking here.
To learn more about available condo investment opportunities in the Lower Mainland, please contact our Vancouver office to speak with one of our multi-family asset specialists.
To learn more about available condo investment opportunities in the Lower Mainland, please contact our Vancouver office to speak with one of our multi-family asset specialists.
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