condo investment risks – Richard Wang

Toronto’s unsold condo rate has reached ‘an incredible level

Canada’s Condo Glut: Unsold Units Pile Up as Buyers Walk Away In Canada’s largest housing market, unsold condominiums are accumulating at an alarming rate. “It’s reached an incredible level,” said Ron Butler, principal broker at Butler Mortgage, in a Monday interview with BNN Bloomberg. “We have about a full year’s worth of inventory, and listingsContinue reading “Toronto’s unsold condo rate has reached ‘an incredible level”