One in five homeowners are "investors" ( = more than one home). A study from the British Columbia government found 1 in 10 homeowners are foreign investors. As such, the Bank of Canada report found the share of first-time homebuyers has been declining since 2015 to a new low set last year.
http://www.bnnbloomberg.ca/investors-account-for-roughly-20-of-homebuyers-bank-of-canada-study-1.1707216
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