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Real Estate Investors Exiting Toronto Market as New Listings Increase

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Toronto’s real estate investors are selling off their condos as mortgage payments soar

Real estate investors are exiting the market as new listings in Toronto trend up and interest rates remain high, experts say.

In July, new listings increased by 11.5 per cent annually and condominiums had the highest percentage rise in sales volume compared to single-family homes and townhouses, increasing by more than 11 per cent annually. A whopping 36 per cent of the condos in Toronto are owned by investors. × Already a Subscriber? Sign in You are logged in Switch accounts kAm“p?645@E2==J[ x’> 86EE:?8 >@C6 42==D 7C@> :?G6DE@CD=@@@CE8286D H9@ 2C6 D66:?8 A2J>6?ED 8@ E9C@F89 E96 C@@7]”k^Am k5:G 4=2DDlQ25{236=(C2AA6C|2?F2=G:D:3=6\>5 G:D:3=6\=8 :?pCE:4=6{6256C3@2C5 25$:K:?8{6256C3@2C5 DF3D4C:36C\9:56 9:556?\AC:?EQ DEJ=6lQ4=62CiC:89EQm p#%xr{t r~}%x}&t$ qt{~( k5:G 4=2DDlQE?E\25D\4@?E2:?6C E6IE\46?E6C Q m k5:G :5lQ2CE:4=6\:?DE@CJ\=6256C3@2C5\aQ 4=2DDlQE?E\25D 57A\25Q...

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