ZCAN - Perfect Storm For Realty Investors: Rising Vacancies And Falling Rents

• According to Realosophy's John Pasalis, there were nearly 12,000 condo apartments listed for lease on Toronto's MLS system compared to just 3,332 last year in September.
• Even before the pandemic hit, there was evidence that rental/lease income projections were overshooting actual receipts considerably and that the securities into which these cash flows were bundled were likely to disappoint.
• A world of high leverage, shrinking cash flows and mounting supply is likely to keep eroding rent and property prices.

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