July 2011

Found 1 blog entry for July 2011.

Across Canada, condominiums have been going up with a vengeance. Most major cities have a forest of cranes dotting their skylines, each one a hint of what will one day stand in their place. Some corners of the real estate market wonder about the warnings from the country’s central bank about inventory overload. Others believe that the change in Canada’s population demographics will help to avoid that.

Currently condo sales are doing well, even better than average. But most analysts believe that the long term health in the market will be because of immigration and the lack of wide open spaces in some of the biggest condo markets. Builders can’t build out, so they will build up. In some places, like Toronto and Vancouver, condos are the only affordable way…
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