"Multiple Property Owners" Hold 41% Of All Housing

Are real estate investors what is wrong with the Canadian Real Estate Market, driving up prices, and decreasing available supply for those looking for a home to live in? But what makes a real estate owner an investor?

In this video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty explores the question of what exactly makes a real estate owner a real estate investor and if the definition is simply someone who owns more than 1 property, then does the reported uptick in Canadian real estate investors accurately reflect what is going on in the market? Or are many of these "multiple property owners" actually property cosigners, parents or family members, helping their family get into the real estate market?

What do you think?

Landlord Nation: Over 1 in 6 Canadian Homeowners Own Multiple Properties https://betterdwelling.com/landlord-nation-over-1-in-6-canadian-homeowners-own-multiple-properties/

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The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.