05 Dec Condos a bright spot in recovering Toronto, Vancouver markets.
Original article via Reuters. Click here to read.
The market for condos and attached properties surged in Canada’s main real estate markets, Toronto and Vancouver, as buyer interest in expensive detached homes has withered, data showed on Tuesday.
Toronto home sales and prices were down in November from a year earlier, while in Vancouver sales and prices jumped sharply year-over-year, separate reports showed. Condo prices in both cities held strength compared to cooler segments.