Over 50% of GTA Condo Investors Losing Money on Rentals

Investing.com — The Greater Toronto Area’s (GTA) new construction condominium market is reaching a critical point due to rising interest rates, as revealed by a recent collaborative study from Urbanation and CIBC (TSX:CM) Capital Markets. The report highlights that over half of investors who purchased pre-construction condos for rental purposes experienced financial losses last year.

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