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What are the risks of investor ownership in the Canadian Housing market?

On the heels of a year overshadowed by a real estate market downturn, the Toronto Regional Real Estate Board (TRREB) released its latest data for the Greater Toronto Area (GTA) last week. Interestingly, TRREB reports that the average selling price for all of 2022, clocking in at $1,189,850, was actually 8.6% above the average for 2021.

Real gross domestic product edged up (+0.1%) in October as growth in services-producing industries was partially offset by declines in goods-producing industries.

Ontario passed a housing bill Monday intended to spur development. Critics, however, say it will lead to higher property taxes, weaken conservation authority powers and not actually make homes more affordable.

The Economic Issue of Affordable Housing

Doors Open Toronto Returns At End of May After Easing COVID-19 Restrictions

Ontario Housing Affordability Task Force

Canadian Real Estate Prices Show Record Growth

Exuberant Canadian real estate buyers sent home prices soaring during the pandemic

The City of Toronto is the first city in Ontario to implement inclusionary zoning which will require certain new residential developments to include affordable housing units.