The GTA saw a tight, pricey condo market in 2022, and it's expected to remain that way this year until new condo supply becomes available. CMHC_ca | realestate realestatenews Canada GTA condos realestatemarket
, Senior Vice President of Sales at Sotheby’s International Realty Canada. “Supply and demand dictated where rental prices went.”
At the same time, the GTA saw an uptick in investor-owned condos entering the rental market. The share of apartments held by long-term investors grew to 36.2% in 2022, up from 34.7% in the year prior, according to CMHC’s data. This was partly due to short-term investors who bought pre-construction units with the intention of selling, but opted to rent instead.
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