If there’s one thing that concerns me about Toronto’s real estate market it’s the uncertainty about the boom we are seeing in the pre-construction condo segment.
As Toronto’s pre-construction condo market continues to break sales records I wonder when this boom is going to run its course. Over the past few months, my concerns regarding the longevity and stability of this construction boom have heightened as a result of several observations.
Toronto has more condos under construction than any other city in North America. Toronto currently has 132 high rise condominium buildings under construction compared to 88 in Mexico City and 86 in New York.
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