(Written jointly with Jens von Bergmann and cross-posted at MountainMath)

The newest trend in the search for reasons for rising home prices is to look toward investors. The Bank of Canada released a report showing that the share of investors has risen over time. For this they took mortgage data from federally regulated financial institutions and matched them with credit history to determine if some of the buyers already owned property before they bought (during roughly the past 10 years) and kept it after they bought.

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