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#cashflow

3 posts3 participants0 posts today

You think the market for #rental #housing in #Toronto is bad? Have I got news for you: #Rents will have to rise significantly (unless Torontonians move out).

Look at this Urbanation chart showing the rise of rents vs condo prices (used & new).

As a result, 81% of investors in new #GTA condos are #cashflow negative. In order words, they buy a new condo, then pay extra for someone else to live in it. Idiots who do that are few, so condo #construction is falling. Less supply = higher rents.