Population and Housing

[tomh009]

In piece of news surprising no one, the Kitchener-Cambridge-Waterloo census area is second only to London (CTV), Ontario for the most investor-owned condominium apartments.

London has 86.4% to the Region's 61.5%.  Toronto is down at 36.2%.  If condos only built since 2016 are considered, KWC jumps to 77%.  Needless to say, investors who need to cover their mortgage costs are less likely to lower rent  From the article:

77% for the region -- Kitchener is at 64.3% and Waterloo at 80.5% for that latest five-year period. I expect the student-focused condos are driving the very high percentage of investor ownership in Waterloo.