absolutely right, Enough, enough of the leveraged financing investment, let them take their deposit money and play with crypto if they have guts to be trader or investors, let them come and play in derivatives if they know what that is. residential housing is not their commodity to play. so short sighted, if they want to make money let them buy REIT’s or invest in commercial properties. they spoiled the dream of many people, and these investors or flippers have no right, 1 house per familly or max 2, these guys

You are understating it. The Liberal vote-importation policy (immigration) is now at 400,000/per annum minimum. Highest immigration rate in the developed world, amidst a housing crisis. Add to that 600,000+ foreign students and 500,000+ temporary foreign workers (TFWs).

and any additional supply that should be pushing prices down gets absorbed as greater profits for the middle person. I’m guessing a lot of Boomers are leveraging up against their home with a HELOC to secure the cash too.

If you were a developer, would you screw around with selling units one by one or give them to real estate agents who will buy half a building and then sell them on their own with their own financial risk? I know what I would do.

This is a problem related to low rates. They keep pushing prices higher, so there’s no loss risk. They’ll take as much inventory as possible.

Probably negative-yielding too, since they’re depending on the government to push prices higher to actually make money.