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.

No Comments

Post A Comment

Sign up for Toronto real estate property updates.

 

Join thousands of Torontonians who receive our automatic Toronto real estate property updates. Stop manually spending your time searching through listings, and let us send the properties that meet your criteria directly to your inbox.