"No Bubble In Condo Market" They Say

Monday Dec 5th, 2016

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July 2016, Bloomberg released a statement saying that Toronto's Condo market is not in a housing bubble. They released this statement along with numerous supporting reasons.     Builders are now only breaking ground once 79% of units have been pre sold, anything less was small buildings are well known builders. This approach “mitigates the risks associated with speculative building,” Dana Senagama, a CMHC market analyst had stated. “A tight... [read more]

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