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The Toronto Condo Market This Week (October 30, 2015)

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condo market news piece oct 30

Condo trends roundup: A plateauing market, free electric cars and a Leaside groundbreaking

Real estate pundits are saying that Canada has been emotionally invested in the Toronto Blue Jays and federal election this past month. With a record number of fans tuned into the game this year, some buyers may have been distracted from the fall market.

Toronto housing market worries CMHC

There is “strong evidence of problematic conditions” in Toronto’s housing market and a quarter of the 15 biggest real estate markets in the country, according to the most recent Housing Market Assessment Report by Canada’s federal housing agency.

A deeper look at condo volatility

Unsold condo data in Toronto – long thought to be an indication of the risks posed by that hot market – doesn’t provide an entirely accurate picture of the segment’s stability, according to one economist.

Unsold condos in Toronto not a sign of bubble about to pop: economist

Toronto’s condo sector has seen rising numbers of newly built, but unsold condos this year, raising red flags among some industry watchers. But Canadian Imperial Bank of Commerce economist Benjamin Tal insists those who see the trend as a sign of a condo bubble about to pop “are barking up the wrong tree.”

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