INVESTORS ARE DOMINATING THE TORONTO REAL ESTATE MARKET

October 25, 2021

SHOULD NEW HOMEBUYERS BE WORRIED?

A city like Toronto’s housing market is unjustifiably crazy, a playground for speculators and an impossibility for everyone else.

 

In the city’s building boom of the 21st century, rising populations have been figurative fuels, while investment and speculation have been nitrous oxides. Although we’ve heard all the headlines, it’s still surprising to learn how much of the Toronto and surrounding province’s housing market these investors represent.

 

The first eight months of 2021 in Ontario saw almost 25 per cent of homes purchased by buyers who own multiple properties. Whereas, the number of first-time homebuyers in the province this year amounted to less than 22 per cent. 

 

Currently, our market conditions are more favorable to investors due to lower interest rates and high home prices, leading to a lower share of first-time home buyers, which is now below 27 percent in Toronto.

 

What are your thoughts? Do you think investors are now a federal matter? How do you see this panning out in the future?

 

Leave your thoughts, and let’s talk about this. 

 

Credit: BLOGTO