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A poster advertises a house for sale in Nova Scotia in February 2024. (File photo)
Photo : - / Rebecca Martel
Published yesterday at 4:21 p.m. EST
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According to Statistics Canada, investors represented three in ten residential property buyers in Nova Scotia between 2018 and 2020, the highest rate of these buyers among the provinces where data on this subject is available.
These data, published by the federal statistics agency on December 3, relate to the number of investor buyers in Nova Scotia, New Brunswick and British Columbia over three years.
Nova Scotia recorded the highest rate of residential property buyer investors during this period with an average of 28.2%.
In neighboring New Brunswick, investor buyers represented an average of 20.3% of the total number of buyers during the same period. In British Columbia, they represented on average 24.8% of the total number of buyers.
Statistics Canada defines real estate investors as buyers of at least one residential property that is not used as a primary residence.
In rural areas, investors accounted for 37% of buyers in Nova Scotia and 34% in British Columbia.
With information from The Canadian Press
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