Now, they’re competing with billion-dollar investors who are just buying properties to rent them out, in a market where we’re not building enough single-family homes to begin with,” said Pasalis. Wealthy investors typically profit from the housing market by buying apartment buildings and renting individual units to tenants. Core Development’s model, alternatively, is to focus on single-family homes as rental options. Loading... Loading... Loading... Loading... Loading... Loading...News of Core’s plans reached the Ontario and federal governments on Monday, prompting politicians from across party lines to criticize the government’s housing policies. The housing market is unfair,” wrote Jessica Bell, NDP MPP for University-Rosedale, on Twitter.

Source: thestar June 14, 2021 22:18 UTC