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Are Canadian condo investors facing a slowdown?
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Is there a condo market crisis in Canada?
What's happening in the Canadian condo market?
Why are Toronto's condo investors not buying into new projects?
Why are condo prices falling in Toronto?
Aug 15, 2024 · Real estate markets will feel the downstream effects from a slowdown in Toronto’s condo market, according to one real estate expert who expects fewer completions of new units over the next few years.
2 days ago · New condo sales were down over 50% in the first half. OTTAWA, Oct 30 - Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically ...
1 day ago · OTTAWA -. Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction ...
Canada is short 3.5 million homes, yet there is a Canadian condo market crisis that is in the early stages of brewing that impacts investors, speculators, renters, and every day Canadians who are starving for housing affordability.
Feb 10, 2024 · The condo market has slowed in Canada. Photo by Jason Payne/PNG. Shaun Hildebrand, president of Urbanation Inc., talks with the Financial Post’s Larysa Harapyn about the state of the Canadian condo market. Hildebrand said sales of new condominiums fell significantly last year and new construction starts have plunged, with more of the same ...
- Larysa Harapyn
- 10 min
Jul 25, 2024 · Condo investors play a crucial role in financing new projects, so the financial squeeze may result in fewer new units getting built in the coming years. Condo prices in Toronto’s resale market have come down 12% from their peak, while new condo prices have fallen 5%, according to the report.
Dec 5, 2022 · For nearly a decade, new condos have been regarded as sound investments in Toronto but rising interest rates coupled with the flattening of average sales prices since March mean some investors...