Multiple unit investors are juicing the condo market
www.theglobeandmail.com
Condo buyers with ‘10, 20, 30 or 200 properties in their portfolio’ still eager to add more

The current state of housing in Canada:

The 60-storey luxury tower is in pre-sales and officials say it has been selling to investors who own dozens of properties.

  • Arondeus@lemmy.caEnglish
    22·
    1 year ago

    Being a millennial, sitting in my parents house where I live reading this shit makes me want to just give up. I don’t even feel like I want something outrageous. Just a little shoe box unit to call my own and I can’t afford it even with a job that pays a decent wage. Man, fuck property investors.

    • GrindingGears@lemmy.caEnglish
      3·
      1 year ago

      I remember that feeling. 10 years ago I was where you are. Save save save, and remember that sometimes renting is the better deal anyways. Be open to trying different areas too, everyone wants to live in the GTA, but doesn’t realize there is a whole world out there. It’s good for your career too.