Posts Tagged ‘Toronto Condo Market’
This year began as a buyer’s market for the Toronto Condo market and since it is believed to be a vulnerable market, it has been watched closely. A recent report said that the Toronto Condo market is on solid grounds with over 36,000 condominiums currently under construction.
Condo Market on the Rise
The chances of oversupply of condominiums in the market are very less, as the number of condos being built in the past few months was lower than usual. The sales of new condominiums shot up sharply in March which brought back hope for the Toronto Condo market. 6 cities were analyzed on the combination of the three metrics: unsold inventory, apartment rental vacancy and cost of renting over ownership. Toronto, along with Vancouver came out to be at the least risk of any of these possibilities.
