Core Development Group is planning on purchasing $1 billion in single family homes across Ontario. The developers plan to convert those homes to two-family rental units.
Allowing investors to buy up homes for profit drives up the price of homes for everyone else, and limits the supply of housing for Ontarians who are looking for a home, not a short-term investment. Investors are already mass evicting entire apartment buildings of long-term residents to hike rents and increase profits. Now, single-family houses across Ontario are facing massive bidding wars. The housing affordability crisis is utterly out of control, and it’s renters and first-time home buyers that are paying the price.
Add your name to demand Doug Ford stop Core from profiting off the housing crisis.