04 Oct Toronto will see 17,000 pre-con condos go on sale over the next 2 months.
Original article via Better Dwelling. Click here to read.
Toronto real estate is about to be hit with a flood of supply, while prices are in a precarious situation. A massive number of pre-construction condos go on sale over the next two months. The increase in supply won’t provide immediate relief to perceived housing pressure. It does however have the potential to soften future condo prices. Let’s see how big the number of pre-construction units for sale is, in contrast to demand.
A metric s**t ton of condos will be up for sale over the next two months. Almost 17,000 condo pre-construction units will go on sale according to condos.ca. The press release said they have “never seen this many projects launching in such a short span of time.” They believe the number of units about to hit the market is because the “condo market is killing it.”CLICK FOR THE FULL ARTICLE