Posthaste: More than half of Toronto condo investors are losing money in a city desperate for homes

For the first time last year, more than half ofwith a mortgage were losing money on their rental properties in the Greater Toronto Area even as rents soared to new highs, says a report by CIBC and research firm Urbanation Inc.

“While the rental market recovered and rents reached new highs in 2022, that growth was more than offset by

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