GTA developers have pressed pause on 24k planned condo units due to market slump

  • 📰 blogTO
  • ⏱ Reading Time:
  • 29 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 63%

Toronto ข่าว

New,Condo,Construction

It is decidedly an exceptionally bad time to try and sell or build condos in the GTA, as purchases of the housing type have fallen to record lows, ...

as pre-construction sales struggle to cover building costs. Others are being completely put on hold until the market improves — progressively more of them, too.

These are buildings that have been in the works for years, and were in various stages of coming to fruition, leaving hopeful owners to wonder about the future of their units — and their financial investment. "Prices are too high for investors to buy given current resale prices, rents, and interest rates, while developers can't lower prices due to high construction costs. As a result, new condo sales — the primary driver of new home construction in Canada's largest market — have dove off a cliff to their lowest level since the late 1990s."

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 44. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว