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Toronto has entirely too many condos on market and nobody is buying

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Toronto News

Real,Estate,Housing

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 a...

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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