cheap mortgages, however, if they are forced to refinance or move because of a job, divorce or another factor.Investors, people who already own at least one home, were responsible for more than one of five Canadian purchases during the extremely low rates of the pandemic, with their proportion soaring highest in Toronto.
Rental prices are up seven per cent across the country compared to a year earlier, according to Rentals.ca. The median rent is $1,750. “I’m not sure if these rental increases will keep condo investors afloat, considering they still have increased costs of borrowing, taxes and maintenance fees,” Hutchinson says. “But it’s certainly a bit of a lifeline for them.”The difference between China’s investors and those in Canada is that there is virtually no immigration to the populous country. So there is little demand from “new” buyers.
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