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Investors account for a fifth of home purchases in Canada. Are they driving up housing prices in a booming market? [Video]

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Condominium construction on Mill St. near the Distillery District in Toronto.

Fred Lum/the Globe and Mail

Investors account for one-fifth of all home purchases in Canada, adding more fuel to the debate about their influence on the country’s soaring real estate prices and demand for housing.

Since the start of the COVID-19 pandemic, investor buying has rebounded to 20.1 per cent of all purchases in the country, with a slightly higher share in Toronto and Hamilton, according to data published in the Bank of Canada’s financial system review. That is lower than during the tail end of the previous real estate boom, but higher than in prepandemic days.

With the Canadian Real Estate Association (CREA) reporting the national average home price is 38 per cent higher than a year ago, real estate investors are being accused of driving up prices. However, housing experts and economists have not been able to quantify the investor effect on pricing, even though such a large volume of …

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My Investing Strategy For 2021 [Video]

In this video, Im going to show you how I will invest my money in 2021 for huge gains (hopefully!). Ive been investing since graduating from UCLA in 2014, but this is going to be my biggest year of investing so far. Ill show you my game plan for investing in stocks, retirement accounts, crypto, real estate, angel investing, and self improvement (most important).