Condo sales are down but some are being converted to rental. Why?
Mentioned in the article: interest rates, a city rental incentive program.
Not mentioned: rental HST removed by feds and province, reduced DCs for 2- and 3-bedroom rentals by province.
Policy matters!
https://www.thestar.com/real-estate/hundreds-of-planned-condo-units-cancelled-market-cratered-almost-overnight/article_80831d31-f31b-4a6a-a935-3261483dc342.html