Investing in real estate while renting a popular trend in Greater Vancouver

Many Canadians are keen to get a foot on the investment property ladder. For some, that means prioritizing an income property ahead of their own home.

According to a recent Royal LePage survey conducted by Leger,1 21% of investors in the Greater Vancouver region do not own their primary residence (a combination of those who rent and live rent-free) – notably higher than the national average of 15% (14% in the GTA and 15% in the GMA). 54% of investors in the region say that they are likely to purchase an additional residential investment property within the next five years. This is higher than the national figure (51%), and those in the greater regions of Toronto (47%) and Montreal (52%).

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