Real Estate: Renting vs Owning in the GTA
December 18, 2013
Home ownership has long been a deep-seated dream for most Canadians. Recent changes to the Toronto real estate market have brought into question whether this goal is still attainable for the average home buyer, or if there will soon be an increased demand for rental property in the GTA.
With economic uncertainty around interest rates and the number of purpose built rental properties remaining static from 2012, developers in the industry must consider these trends in order to invest wisely.
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