Condo sales in Toronto, Hamilton fall to 35-year low in third quarter
Condo sales in Toronto, Hamilton fall to 35-year low in third quarter
www.theglobeandmail.com
Condo sales in Toronto, Hamilton fall to 35-year low in third quarter
Experts say the market downturn is just beginning as a record number of projects are cancelled
Only 319 new condo units were sold in the third quarter, down 54 per cent from a year ago and the lowest quarterly total since 1990 when Toronto’s condo market faced a severe crash, according to a quarterly condo report by the real estate research firm Urbanation.
Lemmings, what are your opinions on the housing market?