The Toronto Condo Market This Week – August 26, 2016
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Canada’s housing market headed for ‘modest price correction,’ says big bank — but when?
“We anticipate an eventual modest price correction as we approach 2018,” writes Brian DePratto, a TD economist, in the four-page report.
Toronto’s condo inventory at a decade low as buyers priced out of ground-level housing eye high-rise units
Urbanation Inc., a research company that has been studying the condo market since 1981, says unsold inventory is now at its lowest since 2010 and, with only 6.8 months of supply available, at a decade-low for inventory.