Just released: Royal LePage’s 2021 Secondary Properties Report

The Royal LePage 2021 Secondary Properties Report includes insights from experts in the greater regions of Toronto, Montreal and Vancouver, and data from a recent Royal LePage survey, highlighting the real estate trends of secondary property owners in Canada’s three largest urban centres.

Key findings from the release include:

  • 14% of homeowners in Greater Vancouver, 13% in the Greater Toronto Area and 12% in the Greater Montreal Area own more than one property;
  • More than 40% of secondary property owners in the greater regions of Vancouver and Toronto, and 21% in the Greater Montreal Area, used equity from their primary residence to make the purchase;
  • 65% of secondary property owners in Greater Vancouver, 64% in the Greater Toronto Area and 35% in the Greater Montreal Area, are collecting rental income, at least some of the time.

Read the full press release and city insights here.

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