New data from the Canadian Housing Statistics Program sheds light on the scale of corporate ownership in Ontario’s housing market. As of 2023, over 84,300 single-family houses across the province are held by businesses or for-profit entities. Within the Greater Toronto Area (GTA), approximately 19,540 of these properties are under corporate ownership.
While this represents only about two per cent of Ontario’s total housing stock—significantly lower than the 13 per cent owned by individual investors—experts like U of T’s David Hulchanski emphasize that these tens of thousands of units warrant deeper investigation. The data does not yet distinguish between homes held for redevelopment, tax planning, or long-term rental income. As the market evolves, analysts are calling for more granular research to understand how corporate investment strategies impact housing affordability and tenant security. For a deeper dive into these findings and what they mean for the future of Ontario housing, read the full report at thestar.com.
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