An investor is someone who buys a residential home and does not use it as their principal residence.
It doesn't matter if the investor rents the home or leaves it empty - they're an investor.
Any measure of investor demand is always going to be just an estimate 1/
It doesn't matter if the investor rents the home or leaves it empty - they're an investor.
Any measure of investor demand is always going to be just an estimate 1/
https://twitter.com/Jay2zzz/status/1463558758467055630
because nobody knows for certain how someone is using the home they bought.
I believe Teranet's methodology is based on land title data testing to see if the same person owns more than one property.
The Bank of Canada's methodology is based on credit report data 2/
I believe Teranet's methodology is based on land title data testing to see if the same person owns more than one property.
The Bank of Canada's methodology is based on credit report data 2/
I believe it's effectively just a test to see if more than one mortgage appears on a credit report.
The methodology I'm using for our brokerage's research is different - but too involved to explain here.
Every methodology has its own limitations. 3/
The methodology I'm using for our brokerage's research is different - but too involved to explain here.
Every methodology has its own limitations. 3/
For Teranet and the BOC, if a first time buyer buys a home and decides to rent it rather than live in it, both organizations would likely classify them as a FTB vs investor.
They should be classified as an investor!
All measures are imperfect but better than nothing /
They should be classified as an investor!
All measures are imperfect but better than nothing /
• • •
Missing some Tweet in this thread? You can try to
force a refresh
