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The Toronto Condo Market This Week (July 3, 2015)

toronto condo market news piece july 3

New condo construction is slowing, but not for long

Last year, 25,571 condo units were completed. This year, only 18,914 are projected for completion, but construction is expected to remain strong in years ahead.

CIBC: Toronto condo market to face adjustment as rental demand moderates

Moderating demand for rental units in Toronto and an uptick in condo supply will likely lead to an adjustment in the city’s high-rise market in near future, according to CIBC economists.

Construction at Fuse Condos in Davenport Village is now above grade

Located on the corner of Lansdowne Avenue and Dupont Street in the up-and-coming Davenport Village neighbourhood, Fuse Condos has now surpassed grade.

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