My latest for Canadian Dimension: financial interests continue to devour our national housing system, 1000 units at a time.
Laurence Braun-Woodbury
Toronto’s condo crash won’t usher in lower rents, but the return of investors gobbling up distressed inventory at scale—betting that today’s glut will become tomorrow’s shortage. The same financialized system that fuelled the boom is now positioning itself to profit from the bust.
Toronto’s condo crash won’t usher in lower rents, but the return of investors gobbling up distressed inventory at scale. A Montréal investment firm just pledged $500 million to snap up more than 1,000...
