Toronto'shousing marketis completely insane,a playground of rampant speculationfor wealthy investors and practically unattainable for everyone else.

If a rising population has been the figurative fuel behind the city's 21st-century building boom, then investment and speculation have been the nitrous oxide. Or the helium, if you want to get into thehousing bubble discussion.

Even after all the headlines, it's still a bit of a surprise to learnjust how much of the housing marketthese investors truly represent in Toronto and the surrounding province.

拉nd registry operator,Teranet, released a fourth-quarter market insight report, revealing that almost 25 per cent of homes purchased in Ontario in the first eight months of 2021 were sold to buyers who own multiple properties.

This is more than any other share of purchaser categories, exceeding first-time homebuyers, movers, and others.

The latest Quarterly#MarketInsightReportis now available! The Q4 2021 edition takes a step back and focuses on the#OntarioHousingMarketas a whole, as we segment all transfers of ownership of properties based on various buyer profiles. Read the report:https://t.co/AnGCZ0zGWnpic.twitter.com/5IyBX0rAHp

— Teranet Tweets (@teranet_social)October 18, 2021

The report analyzes over a decade of sales logged between January 2011 and August 2021, showing a 50 per cent increase of multiple property owners' market share in the province during that time.

Those actually purchasing their first home (to actually live in) in the province this year only represented shy of 22 per cent, though this is still a notable improvement over the lows seen in 2017, when investor activity was spiraling out of control andbubble talk was at its peak.

In Toronto, investors are buying up an outrageously high volume of homes. Approaching 30 per cent of homes sold in Toronto this year were picked up by buyers who already owned multiple properties.

Yes, almost one out of every three homes sold in the city was bought by someone who already owns property. All while most in Toronto are stressing about their mortgage or their next rent payment.

Market conditions favourable to investors like lower interest rates and high prices translate to a lower share of first-time homebuyers, the figure now sitting below 27 per cent in Toronto.