The Toronto Condo Market This Week – July 15, 2016

Toronto’s condominium market has been heating up for the past few years and it’s all because property supply is down, but demand continues to rise.

The Toronto-Dominion Bank economist is referring to the jump in housing starts recorded in June as developers scramble to erect condos, townhouses and single-family dwellings in Canada’s most scorching markets.

Although more than a quarter of Canadians consider real estate the most attractive investment this year, few actually believe they can invest in the country’s red-hot market according to a recent survey.

In its latest round of figure releases, the Canada Mortgage and Housing Corporation (CMHC) announced that the number of new housing starts across the country picked up pace last month, accompanying a wave of new condo construction in one of Canada’s hottest metropolitan markets.