Inside the bulk condo buying boom
Developer-held condo inventory hit a record 5,001 units, up 68% year over year, and bulk buyers are stepping in.
High Art Capital is targeting at least $1.3B to convert condo blocks into rentals, with up to $300M in mezzanine debt committed by Building Ontario Fund. The trade-off is that 30% of the units are tagged affordable for life.
The 30%+ discount is one lawyer’s estimate, not a reported average. How these scattered units get managed, and what happens to warranty coverage on resale, is where the risk sits.
#OntarioRealEstate #GTACondos #MultifamilyInvesting #CanadianRealEstate #SmartRealEstate
Source: RENX, Steve McLean, “Inside the bulk condo buying boom in Canada’s largest markets,” Sep. 8, 2026