It isn't so much an investor who's buying a property and improves the property and then sells it within two years. That's not it. This is about investors who buy from developers three years before a project is finished, or possibly earlier. They buy a condominium unit and then hope to sell the contract before that unit comes to market. There have been many of these investors. CIBC says north of 70% of the purchases are of those type. I maintain that it's higher and the developers I talk to maintain that it's higher. These investors enter into a contract and then try to sell the contract before the unit comes to market.
On November 5th, 2024. See this statement in context.