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New data reveals scope of big-money investors in B.C. rental home market

The new data makes it 'really hard to support the claim that large institutional investors are somehow dominating the market' — Tsur Somerville, professor at the Sauder School of Business at UBC

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Housing unaffordability in Canada’s most expensive cities may not correlate to the dominance of big institutional investors or higher concentration of ownership, new research suggests.

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Some say the new findings, detailed in a report from Statistics Canada released Tuesday, help dispel what they see as a myth about corporate landlords as bad actors driving up home prices and rents.

But other experts caution that the new data paints an incomplete picture of the full effects of a trend sometimes called the “financialization of housing.”

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