[notsrg]

In Toronto alone ~40% of new homes being built are being scooped up by investors that obviously have more cash on hand to pay above asking price. With interest rates so low and demand so high, why would they not be driving up the price? It works in their favor.

[bryanlarsen]

Given that pretty much everybody in Toronto rents because nobody can afford to buy, it's pretty circular. If they weren't buying to rent them out, then the people who can't afford to buy would have nothing to rent.