I thought we banned corporations from buying units and homes? I was under the impression they could only buy the whole building.
Creative-Ad-1819 on
Step 2: Profit
JaydenPope on
incoming condo rentals
1GutsnGlory1 on
It is not talked about, but condos are now being sold in bulk, and at a discount and folks with cash are starting to grab them up. With tens of thousands of new units being cancelled or delayed each year, in a few years, cities like Toronto and Vancouver will face housing shortages again and prices will start to climb very quickly. Guess who will be there to profit.
Strict_Common6871 on
How did you call them, dog crate condos nobody wants to buy? Don’t want to buy now, will rent them a bit later, ahahaha
sludgefrog on
Could get reps on the strata and vote to knock down non load bearing walls and coalesce neighboring apts.
w1n5t0nM1k3y on
$30 million? So about 30-40 units?
JadeLens on
So… like 3 condos?
-Mage-Knight- on
Yeah! You know what Canada needs more of, corporate owned housing! /s
nim_opet on
So basically…less than one building worth?
MDFMK on
that is BS let the bottom fall out and consequences come we don’t get bailed off bad stock investment do fuck people who have to close or sell.
Alex_ozzy on
Like just ~50 condos? Not that many.
mightocondreas on
Damn, conspiracy theorists right again
Online_Commentor_69 on
For what lol
squirrel9000 on
Ah, so we’ve invented the apartment building. Good show.
James0100 on
So that’s like, what, 2 or 3 condos at Toronto prices?
20 Comments
Buy Canadian
I thought we banned corporations from buying units and homes? I was under the impression they could only buy the whole building.
Step 2: Profit
incoming condo rentals
It is not talked about, but condos are now being sold in bulk, and at a discount and folks with cash are starting to grab them up. With tens of thousands of new units being cancelled or delayed each year, in a few years, cities like Toronto and Vancouver will face housing shortages again and prices will start to climb very quickly. Guess who will be there to profit.
How did you call them, dog crate condos nobody wants to buy? Don’t want to buy now, will rent them a bit later, ahahaha
Could get reps on the strata and vote to knock down non load bearing walls and coalesce neighboring apts.
$30 million? So about 30-40 units?
So… like 3 condos?
Yeah! You know what Canada needs more of, corporate owned housing! /s
So basically…less than one building worth?
that is BS let the bottom fall out and consequences come we don’t get bailed off bad stock investment do fuck people who have to close or sell.
Like just ~50 condos? Not that many.
Damn, conspiracy theorists right again
For what lol
Ah, so we’ve invented the apartment building. Good show.
So that’s like, what, 2 or 3 condos at Toronto prices?
The only buyer lol
30m worth in Dt Toronto? so like 10 condos?
I don’t think that’s good 🙁