What’s Really Happening in the GTA Condo Market Right Now

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

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Toronto's condo market remains robust, with a promising year ahead. realestate realestatenews GTA realestatemarket

Following the frenzied conditions of 2021, real estate in the GTA inched back down to earth in 2022, as the high-interest-rate environment took some of the steam out of the market.

While the popularity of single-family homes dropped substantially, the condo market emerged relatively strong. The latest available data from the put new home sales at 1,330 units in November, with almost 80% of those being sales of new condominium apartments, at 1,053 units sold. But the condo market’s strength during these inflated times comes as no surprise, explained Shaun Hildebrand, President of real estate consulting firm“Typically, when ownership affordability erodes this much — this is happening obviously as a result of the big jump in interest rates — an increasing proportion of housing sales tends to go into the condo segment. And that’s something that we’ve been seeing in recent months,” he said.

As such, condo apartments were the only housing type to report a year-over-year gain in December, according to the latest

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 16. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين