Toronto condo investors are losing money
Even as rents soar more than half of new condo investors with a mortgage are now losing money renting them out, a new report says. Read more
Source: financialpost.com
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How a condo investor cash crunch is jeopardizing Toronto rentals
‘The glory days of easy returns and cash flow are likely over,’ says the co-author of a report on the cash crunch facing Toronto’s condo market.
Source: thestar.com
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Rising costs make condo investments less profitable and could push rent higher: report
Rising rental revenues were offset by higher mortgage costs as a result of rising interest rates
Source: theglobeandmail.com
Canada facing affordability crisis in housing
CIBC’s deputy chief economist says we need to change how we think about renting
Source: advisor.ca
Why buy a house in Canada when you can buy a castle in Europe for the same price?
For the price of a two-bedroom house in Kitchener, Ontario listed at $1.8M people can buy a lake-facing Swedish castle
Source: thestarphoenix.com