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.
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.