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The Toronto Condo Market This Week (August 21, 2015)

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toronto condo market news piece august 21

CONDOS BLUR “PERFECT” VISION FOR MOTEL STRIP

The condo tsunami is heading west. Construction has recently begun on the Eau De Soleil on Humber Bay, two towers of 66 and 44 storeys, the former the tallest condo tower in Canada outside of a downtown core.

Runaway prices, or not: Taking the real estate market's temperature heading into fall

The Canada Mortgage and Housing Corporation recently released a quarterly supplement entitled Housing Now Canada. Despite Toronto’s red-hot real estate market, the report has an ominous message about overvaluation.

Canadian housing market faces “modest” risk of correction, in Toronto risk is high, says CMHC

In a report released Thursday, the Canada Mortgage and Housing Corporation (CMHC) says the national housing market faces a “modest” risk of correction. But for markets in Toronto, Winnipeg and Regina the risk is “high.”

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