It's been hard to find a pulse in Toronto's formerly-scorching real estate scene lately, but owners and builders in one particular segment are floundering the most: the condo market.
Some experts, like investment advisor and real estate writer Hilliard MacBeth, feel that the state of the condo segment could"sink the market" as a whole."A massive glut of condominium apartments in Toronto threatens to sink the housing market. Condos were gobbled up by aggressive, highly levered speculators as a way of participating in the housing boom with minimal capital outlay.
He continues to explain how first-time homebuyers have no interest in the micro-condos that are rampantly for sale, and that"few people want to live in" because they were designed with investors in mind.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CTVToronto - 🏆 9. / 84 Read more »