this post was submitted on 09 Sep 2023
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I wonder what the split between individual vs institutional investors is
Does it matter? Housing should be a right, not an investment. The reliance on housing as a savings mechanism has driven up the cost of housing in Canada. No one (wealthy) wants housing values to drop, as it would destroy their retirement resources.
Not from the perspective of someone trying to find a place to live but it does matter from a policymaker's perspective. The way it is framed in the BoC report makes it sound like it's mostly individual investors (people with an existing mortgage).