With new condo market in a slump, debate rages over investors and foreign buyers
As the Vancouver and Toronto condo markets continue to languish, the major role of the investor, both foreign and local, is coming into focus.
In the city of Vancouver, 50 per cent of newly built condos were investor owned, according to Canadian Housing Statistics Program data, compiled by Simon Fraser University associate professor of professional practice in urban studies, Andy Yan. The data period covers 2016 to 2022.
Categories
Recent Posts
B.C. developer Westbank sells stake in Squamish Nation housing project
iPro scandal: Groups representing 90,000 realtors call on province to reform RECO
Listing delay pays off for sellers of Calgary semi-detached
With new condo market in a slump, debate rages over investors and foreign buyers
Why Vancouver and Toronto are more unaffordable than New York, the Home of the Week and more top real estate stories
North Vancouver investors decide to sell a never-lived-in condo
Canada’s largest private landlord often dramatically increases eviction applications after acquiring buildings, study finds
Ford government to intervene in review of Ontario's real estate regulator following iPro scandal
Updated Victorian by Trinity Bellwoods sells to lone bidder for near asking
Toronto’s condo market swoon creates opening for builders ready to embrace purpose-built rental
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "