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It does add to fears that people won't be able to rent out their places at those rates. Especially in Toronto where everyone's long-term plan is to own income properties. Everyone is looking to get out of careers and get rich on real estate. It's madness.

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Uh, I'm not sure who you hang out with but this is not my experience at all. Taking care of multiple properties will be a career and a lot of work. I grew up in Toronto and know many families that could easily afford income properties and probably be profitable but they don't. Nowhere near everyone's goal is to rent out properties.

The parent is right. A lot of people in Toronto are dabbling in real estate .. especially condos. Some builders are offering a mgmt company which rents for you. In a previous building I was renting in, it was surreal to see people pick their keys from one person and handing it over to the mgmt office people right across. These were crazy priced, super fancy condos.

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