Multiple unit investors are juicing the condo market
www.theglobeandmail.com
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Condo buyers with ‘10, 20, 30 or 200 properties in their portfolio’ still eager to add more

The current state of housing in Canada:

The 60-storey luxury tower is in pre-sales and officials say it has been selling to investors who own dozens of properties.

@SymbolicLink@lemmy.ca
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I can’t imagine being someone whose goal in life is to profit off of the housing market to such a large extent.

To be able to see the level of homelessness we have in our biggest cities, and still continue to scrape up everything you could. It should be a recognized mental condition.

Honestly, some people have so much money and so few interests.

Can we just start with a sensible policy of “if you own two properties anything beyond that will be taxed like crazy. And for-profit corporate landlords are banned or highly regulated”

Maybe these people could pivot their investment to productive ventures.

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