09 Aug Housing slowdown? New condo sales are booming in Toronto.
Original article via Globe and Mail. Click here to read.
Toronto’s resale housing market has cooled off considerably since Ontario’s move to rein in frenzied activity. Meanwhile, demand is only increasing for new condo units.
Sales of new condos in the census metropolitan area totalled 12,138 in the second quarter, up 62 per cent from a year earlier, according to data provided by BMO Nesbitt Burns. Inventory levels have more than halved over the same span.READ FULL ARTICLE