The annual release of home ownership data by Statistics Canada in early October points to Vancouver Island communities having some of the lowest rates of investor-owned residential real estate in the province.
Parksville is a case in point, with investor-owned properties accounting for 14.9 per cent of the residential inventory. It has the lowest rate of 26 municipalities surveyed, with Campbell River ranking third at 17.2 per cent. Duncan (17.8 per cent) and Victoria (19.5 per cent) rank fourth and fifth.
Of the five communities least likely to have investor-owners, Salmon Arm is the only one not located on Vancouver Island.
Demographics are the most likely reason for the
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