{"id":884,"date":"2023-12-02T04:06:32","date_gmt":"2023-12-02T04:06:32","guid":{"rendered":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/?p=884"},"modified":"2023-12-15T04:31:22","modified_gmt":"2023-12-15T04:31:22","slug":"investors-now-own-more-than-50-of-torontos-new-condos","status":"publish","type":"post","link":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/investors-now-own-more-than-50-of-torontos-new-condos\/","title":{"rendered":"Investors now own more than 50% of Toronto\u2019s new condos"},"content":{"rendered":"\n<p><em>How a heady mix of privatization, ineffective rent control and cheap capital fuelled an investment boom that made Toronto housing unaffordable for regular families<\/em><\/p>\n\n\n\n<p>Experts say real estate has become a game, where investors rather than end users are the main players, buying and selling property to cash in on Toronto\u2019s hottest commodity. In the process, they\u2019re driving up prices and pushing out prospective homebuyers like Jaqueline Belardi, who just want somewhere to live.<\/p>\n\n\n\n<p>Investors\u2019 hold on real estate has become hard to ignore, leading the Bank of Canada and even Prime Minister Justin Trudeau to call them out for the commodification of housing.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestar.com\/real-estate\/investors-now-own-more-than-50-of-toronto-s-new-condos-and-experts-say-they\/article_4b6d2ff0-c528-5670-937f-3d34d040ed85.html\" target=\"_blank\" rel=\"noreferrer noopener\">Investors now own more than 50% of Toronto\u2019s new condos \u2014 and experts say they\u2019re driving up housing prices for everyone<\/a> &#8211; Toronto Star, December 2, 2023<\/p>\n\n\n\n<p>Photo: <a href=\"https:\/\/www.flickr.com\/photos\/19779889@N00\/8438876440\">ArbyReed<\/a> via <a href=\"https:\/\/creativecommons.org\/licenses\/by-nc-sa\/2.0\/\">CC BY-NC-SA 2.0 DEED<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts say real estate has become a game, where investors rather than end users are the main players, buying and selling property to cash in on Toronto\u2019s hottest commodity. In the process, they\u2019re driving up prices and pushing out prospective homebuyers like Jaqueline Belardi, who just want somewhere to live.<\/p>\n","protected":false},"author":1,"featured_media":885,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/posts\/884"}],"collection":[{"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/comments?post=884"}],"version-history":[{"count":1,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/posts\/884\/revisions"}],"predecessor-version":[{"id":886,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/posts\/884\/revisions\/886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/media\/885"}],"wp:attachment":[{"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/media?parent=884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/categories?post=884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/avenueroadsafetycoalition.ca\/abcra\/wp-json\/wp\/v2\/tags?post=884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}