Robert Kavcic, senior economist at BMO Capital Markets, told Global News “as much as a quarter to maybe a third or slightly more of certain markets are being bought up by multiple property purchasers or investors. So (that is) adding another layer of competition to first time buyers that are actually looking to get into the housing market for a place to live.”

If true that's fucking nuts. That sort of thing needs to be taxed so hard to no longer make it profitable. We all understand that you don't go for seconds until everyone has eaten, but when it comes to a basic human need like shelter, people say FYGM.