MORE THAN 86 PER CENT OF LONDON’S APARTMENT CONDOS ARE OWNED BY INVESTORS
New data from Statistics Canada suggests more than 86 per cent of all apartment condominiums in the City of London were owned by investors in 2020 — a sign first-time buyers are being squeezed out of the market by investors, who are cashing in on the city’s severe undersupply of purpose-built rental apartments. The StatsCan data, which tracks the concentration of residential properties owned by investors across Canada, said 29,530 out of the city’s 34,180 condominium apartments are...
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