"No Bubble In Condo Market" They Say
Monday Dec 5th, 2016
ShareJuly 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]