Despite mounting concern about a slide in prices, Toronto’s condominium developers barreled full steam ahead in May hiring more workers to start construction amid a pickup in new projects being launched.
Consumer confidence in Toronto’s condo market appears to be rebounding, with an increasing number of potential buyers saying they intend to buy a unit in the next five years, according to a BMO survey.
The housing crisis has put the U.S. economy into a tailspin, but what about Canada’s situation? Experts agree our conservatism has prevented a housing crash from happening here, and that any slowdown on that front will be relatively easy to take.
Getting the biggest bang for your buck in a waterfront condo is up to you. The key to successful condo living is knowing what you are buying into, so research your condo choice before signing on the dotted line.