I have many clients who are investors who buy pre-construction condos and then rent them out. That being said, their are many investors who buy pre-construct and assign the agreement of purchase and sale to the end user in the hopes that they can make a good return on their investment.
Another fascinating segment of the market which does not get publicized that often is overseas buyers who are entering the Canadian market as a safe haven for their money. I saw a program last year which showed condo developers going to home shows in China and trying to sell the units because dollar for dollar our prices are much better. I am not sure the exact amount of the market they make up, but it is definitely growing.
I do think that the condo market in the GTA will remain stable until we see mortgage rates rise which by the indication from the Bank of Canada will not be for some time.
Brekland Realty Group