Here’s who is buying new homes in Canada’s chilly housing market (and it isn’t investors)

Stephen Price, the President and Chief Executive Officer of Graywood Developments, said people buying today are end users like Meszaros. He said the Claystone project, which launched with Japan’s Hankyu Hanshin Properties Corp., will be successful because it is aimed directly at end users.

Mapping Out Toronto’s Condo-to-Rental Trend

Others, like Graywood Developments’ Centricity Condos and the Notable have changed tenure
entirely. Graywood’s Chief Operating Officer, Gregory Sweeney, told Green Street News that the
firm had been contemplating rentals for a few years now, and even designed Centricity with the
functionality to be either condo or rental.