In Toronto it's beneficial to buy property as investment. Condo value usually doubles in price over 5 years. https://toronto.listing.ca/condo-price-history.htm

In Toronto it's beneficial to buy property as investment. Condo value usually doubles in price over 5 years. https://toronto.listing.ca/condo-price-history.htm https://toronto.listing.ca/condo-price-history.htm Which means rich people end up hoarding property. You don't even have to rent it out. Just wait a little bit and make a bank.