Experts continue to sound alarms about the unbridled influx of condos onto Toronto's real estate market over the last few months, which has posed an advantage for buyers, but served a huge blow to sellers, developers and agents.
And TD's experts only expect prices to decline a further"mid-to-high single-digit" percentage point as we move into the New Year. Other factors include the lack of return on condo investment due to lower rents, and the present sales-to-active listings ratio, which is 60 per cent below its long-term average due to skyrocketing number of listings that are
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