“The population is expected to continue to grow and as long as it does, demand for living space, such as condos, will move up as well. On top of that you’ve got the foreign investors, especially from Asia, arriving in significant numbers in search of a safe place to stash their money….

After looking at 84 units for sale in Toronto and Vancouver and comparing them with similar rental units, he [Ohad Lederer, an analyst at Veritas Investment Research] concluded that buyers looking to rent their properties are facing annual returns on their investment of below 4%.” (Financial Post: November 1, 2012).

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http://business.financialpost.com/2012/11/01/condo-market-driven-by-over-eager-buyers-and-faulty-math-analyst/

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