Real Estate Investors Exiting Toronto Market as New Listings Increase

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...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Calgary's Real Estate Market Outperforms Edmonton'sCalgary's real estate market has historically outperformed Edmonton's, with higher demand and a larger share of corporate headquarters contributing to the difference. Despite similar incomes, Calgary has drawn more interest from out-of-town buyers due to its affordability compared to other major cities like Toronto and Vancouver.
Source: calgaryherald - 🏆 64. / 52 Read more »

Canadian Real Estate Market Experiences Rapid Rent IncreasesThe average asking rent in Canada has increased by 1.8% between June and July, marking the fastest month-over-month increase in the past eight months. Compared to July 2021, the average asking rent has risen by 21%, adding an average of $354 per month. Experts predict that the average asking rents in Ontario may reach $3,500 next year. Tenants are increasingly shocked by the rent increases proposed by landlords, leading to a growing housing crisis in the country.
Source: CTVNews - 🏆 1. / 99 Read more »