Rental building or condo?

There is a condo in downtown Toronto where  97% of the units are rented.

That is the highest percentage of renters that I have heard of. Condos that contain 50 to 80% rental units are becoming the norm.

In the United States, condo corporations are allowed to limit rentals to no more than 25% of the total residential units. In fact, it can be hard to get a mortgage in a condo corporation if the number of rentals exceed 25% of the total units.

Most purchasers don't realize that they are buying their dream home in what is actually a huge rental building that has hundreds of absentee landlords.

That residential condo corporations be separated into two distinct categories. A Standard Condominium Corporation for owner-occupiers that has a strict limit on the number of units that can be leased at any one time and a Rental Condominium Corporation for investors that has no limit on the number of units that can be leased.

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