Tag: toronto condo inventory
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A Real Estate Firm Just Bought $30M Worth of Unsold Toronto Condos as the Market Slows

Toronto’s struggling condo market may be creating new opportunities for large investors. A Canadian real estate company has reportedly purchased roughly $30 million worth of unsold condominium inventory in downtown Toronto as the GTA condo market continues facing weaker demand, slower sales activity, and growing inventory levels. The bulk purchase is adding to growing signs that institutional…
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TD Says GTA Condo Market Is Facing a Potential 1990s-Style Meltdown

Canada’s largest condo market is continuing to face mounting pressure, and a new outlook from TD Economics suggests the downturn may last much longer than many buyers and investors expected. According to TD Economics, the Greater Toronto Area condo market is experiencing one of its weakest periods in years, with falling prices, collapsing sales activity,…