It’s unsurprising given the high level of homeownership in Canada which is leveraged for investment in housing. Over 40% of newly built condos in Ontario went to investors. Most of those investors aren’t corporations either. They’re mom and pops looking for retirement investment.
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It’s unsurprising given the high level of homeownership in Canada which is leveraged for investment in housing. Over 40% of newly built condos in Ontario went to investors. Most of those investors aren’t corporations either. They’re mom and pops looking for retirement investment.