> You also saw it through covid when all those units flooded the rental market when international borders closed.
Toronto had an average of 12,270 daily active listings in 2019 [0]. Toronto had a population of around 2.7 million in 2019. The majority of this impact was caused by people leaving the cities to buy in the suburbs, move in with family, or return to their country of origin.
Such as?
> You also saw it through covid when all those units flooded the rental market when international borders closed.
Toronto had an average of 12,270 daily active listings in 2019 [0]. Toronto had a population of around 2.7 million in 2019. The majority of this impact was caused by people leaving the cities to buy in the suburbs, move in with family, or return to their country of origin.
[0]: Page 7 https://www.toronto.ca/legdocs/mmis/2021/ph/bgrd/backgroundf...