'Don't Expect Premium Pricing': Is a Softer GTA Condo Market in Store For 2023?

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 74%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

A new report on GTA's condo market touches on everything from balcony sizes to new builds and rental rates while examining the outlook for 2023. BullpenConsult | realestate realestatenews Toronto housing realestatemarket condo 2023 GTA

“Don’t Expect Premium Pricing”: Is a Softer GTA Condo Market in Store For 2023?Toronto housing expert Ben Myers didn’t waste any time releasing his condo outlook for 2023.— released a condo report on the fate of the Greater Toronto Area’s condo market, touching upon everything from balcony size to new builds and rental rates.

Myers says it will be “interesting” to see if more developers choose to eliminate balconies in their new condo projects in 2023 and 2024 in an effort to reduce costs. This sentiment is indeed an interesting one, given that the massive density increases in store for Toronto are going to render outdoor public space a hot — andYet, as Myers highlights, there are brand-new, purpose-built rental apartments in Toronto achieving relatively strong rents and absorption with no balconies.

“To ensure that projects are successful, developers must focus on the right suite mix, the right range of offerings, and nailing the price is more important than in previous years,” writes Myers. “Investors will move their focus back to prime locations with high-profile developers, but don’t expect premium pricing to be achieved by anyone, regardless of their track record and expertise.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 16. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Curve Finance: What should CRV holders expect of the token in 2023CRV ended 2022 in a lower TVL position than it started the year. Technical indicators showed that CRV could finish 2023’s first quarter in consolidation. In times past, Decentralized Finance (DeFi) would have been incomplete without the mention of Curve Finance [CRV]. But in 2022, the automated market maker was a shadow of its former […] Yea
Fonte: CryptoAmb - 🏆 22. / 68 Consulte Mais informação »