Widespread fears about housing shortages in Canada will not be enough to stop a decline in new condominium construction activity as investor appetite for the property type slows in the face of higher interest rates, according to panelists at a Toronto real estate conference.
Slowdown in Toronto Condo Market Could Deal Economic Blow, Real Estate Pros Say
Sales Decline Comes Amid Housing Shortage and Higher Rental Rates
By Garry Marr
CoStar News
May 29, 2024 | 8:52 P.M.
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IN THIS ARTICLE
- Properties
- Scotia Plaza
40 King St, Toronto, ON
- Companies
- KingSett Capital
Finance and Insurance
- Anthem
Construction
- Contacts
- Jeff Thomas
Group Head, Development, KingSett Capital