Investors Playing Big Role In Canada’s Housing Market
Source: Erica Alini, Global News, December 08, 2021
Many investors perceive housing as a less risky place to put their money compared with financial markets.
Gravity-defying home prices are drawing more and more investor capital to Canada’s housing market, several recent reports suggest.
Addressing the Ontario Securities Commission on Nov. 23, Bank of Canada deputy governor Paul Beaudry said a “sudden influx” of investors in the housing market likely helped fuel rapid price growth in early 2021. Canada’s home prices were up 24.4 per cent in June compared with the same month last year, according to data from the Canadian Real Estate Association (CREA).
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