Many renters in some of Canada’s biggest cities have already been paying record-high amounts to their landlords as of late, but a new report suggests the pressure facing real estate investors might ratchet up the pain in the rental market in the coming years.

The report, released Monday from CIBC and Urbanation, shows that for a majority of real estate investors in the Greater Toronto Area (GTA), the business case for their rental properties is falling apart. Industry observers say similar pressures are being felt in other major cities like Vancouver.

While tenants might have little sympathy for the landlords

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• Gold Coast’s housing market value is expected to increase by 4% in 2024.
• The median value of a home on the Gold Coast sits at just over one million dollars.
• The rate of the Gold Coast’s property price growth is likely to ease in 2024.

Revered for its stunning stretches of vast, sunny beaches and desirable lifestyle, the Gold Coast is an attractive real estate destination for investors and migrants.

However, the Gold Coast’s housing market, like the rest of the country’s, has seen a chronic shortage of new property stock.

Simply Gold Coast buyers agent, Tony Coughran, exclusively revealed