In Toronto it is very common that resale condos are purchased not only from end users but also by investors. This is especially true as Downtown Toronto has a heavy investor base that looks to purchase condos at the pre-construction phase. As such, when a condo is complete and has been registered many of the units are not readily available for end users to purchase simply because they have already been secured for investors to rent out. This in my opinion has added to some of the condo supply issues we are experiencing in Toronto because as we are seeing new buildings come onto the market, many of those units are for rent, not for purchase.
Also important to note is that investors more often than not purchase smaller units such as studios, one bedroom and one bedroom + den units as they make the most sense with respect to payments and amount of funds required. And at this time, the one bedroom and one bedroom + den condos units are the ones that are most in demand, but not available.