Heddle Real Estate - Royal LePage State Realty Brokerage

By Mike Heddle
Posted Monday, Dec 06, 2021 10:19 am

Investors now make up more than 25% of Ontario homebuyers, pushing prices higher, experts warn

Investors, the smallest segment of buyers 10 years ago, now appear to be the largest.

Five years ago when Tehmeema Safdar's husband was offered a position as a medical researcher in Toronto, she dreamed of putting down roots for her children in the city.

"We were kind of nervous and a little bit excited," said the 43-year-old mother of three.

"A lot of people were telling us: go to Toronto… it's a nice place."

But those dreams have slowly faded: since moving from Edmonton they've been renters and the family has had to move three times. They currently rent a home in Oshawa.

Safdar says they continued to accumulate their savings upon arriving in the city, but watched as prices soared. Within a few years they realized owning real estate in the Greater Toronto Area was increasingly out of reach for them. They're now looking at the possibility of leaving altogether...[READ MORE]

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Heddle Real Estate is an award-winning real estate team serving Hamilton, Ancaster, Stoney Creek, and the greater Niagara region with trusted expertise and a client-first approach.