More than half of GTA condo investors losing money on properties, report says

CIBC and Urbanation feel this trend marks a “meaningful shift” that may signal a change in investor behaviour is on its way.

They say they expect the shift toward negative cash flow is expected to worsen in the years ahead as increasingly expensive new condos presold to investors in the past few years reach completion. They add a reduction in interest rates and further growth in rents will lighten the impact on investors in the years ahead, but won’t be enough to stop their financial situations from getting worse.

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