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Investors are scooping up more real estate than any other type of buyer in Canada, including first-time home buyers.
"A sudden influx of investors in the housing market likely contributed to the rapid price increases we saw earlier this year. In such a case, expectations of future price increases can become self-fulfilling, at least for a while," said Paul Beaudry, deputy governor of the Bank of Canada, on Tuesday.
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 talked about clients looking for investment properties and John says most of the people who reach out to him are investors.
If you have questions, email them to email@example.com and John or Steve will answer them on the next episode.
Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jessysbains.