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Today’s Globe and Mail has a very good article on the second question. It lays out many of the issues from the perspective of a builder and of an investor. The important (and sometimes overlooked) public policy question is whether constructing condominiums is a substitute for building purpose-built rental property.

The article does not give many details on the financial dimension and, if that interests you then please check these websites: [1] or [2].

After reading these and deciding that you want to rent, then you can start thinking about how to negotiate with an investor who is looking to rent to you.