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Original article via Toronto Star.

They are a ghostly presence in Toronto’s property market – the buyers who gobble up the most and best units at developer pre-sales in the towers sprouting across the region.

Until now, not much has been known about the largely invisible ranks of condo investors, nearly half of whom feed the region’s vacancy-hungry renters by leasing their properties.

But a new study is shedding light on this segment of buyers who turn out to be a lot different from the offshore high rollers their neighbours might imagine.

 

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