Most Vancouver condo investors expect to hold on to their last purchased secondary units for more than five years, according to a Canada Mortgage and Housing Corp survey. The study, which also examines Toronto's condo market, is part of a CMHC effort to better understand the role and prevalence of investors in Canada's housing markets. The majority of investors in the two cities own few units, and nearly three-quarters of them own just one secondary unit (10% own three or more). And 90% don't anticipate buying more units in the next year, the survey says.
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