Kanadisches Unternehmen kauft unverkaufte Eigentumswohnungen in der Innenstadt von Toronto im Wert von 30 Millionen US-Dollar – es heißt, es fange gerade erst an
https://www.bnnbloomberg.ca/business/2026/05/12/montreal-based-real-estate-company-buys-30-million-worth-of-condos-near-toronto-metropolitan-university/
3 Kommentare
So… 30 condos? Doesn’t seem like a lot.
Anyway, fuck corporations buying homes. If they want in the market, they should have to build their own buildings and 30% of the space needs to be for low income housing.
This is a really good growth market for rental companies.
Many condo buildings are cheaper per sq foot than apartments – if you can bulk buy more than 50 percent of the factors you can control the board.
In Edmonton this is a really strong business opportunity – some apartment buildings converted to condos in the 90s and early 2000s are selling for under $100 sq foot.
People are going to be upset because “corporate bad” and whatever… but there are some positive effects here:
1) they will most likely put these units on the rental market. That’s not likely to happen with mom & pop buyers at this time, and the units are obviously not housing anyone else these days.
2) developers get the money they need to invest in new projects, to keep the cycle going. Housing starts are in a crisis and Toronto really needs to get new builds going again, otherwise there will be a bigger shortage in the next few years. The article mentions it too:
> At the same time, there were zero new condo projects launched in the GTHA for the first time in decades.