Toronto’s real estate investors are selling off their condos as mortgage payments soar

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Real estate investors are exiting the market as new listings in Toronto trend up and interest rates remain high, experts say.

In July, new listings increased by 11.5 per cent annually and condominiums had the highest percentage rise in sales volume compared to single-family homes and townhouses, increasing by more than 11 per cent annually. A whopping 36 per cent of the condos in Toronto are owned by investors.

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