People looking for a new place to live during COVID-19 were the primary buyers during the early days of 2020’s Canadian housing market rally. The previous boom in 2016 was different because it was fuelled by investors.
Rapidly rising prices in places like the Greater Toronto Area and Greater Vancouver, combined with low mortgage rates mean investors are coming back into the market.
We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home.
They both think investors are jumping back in, which makes it more difficult for regular buyers to get a foot into the door.
Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.