Demand Still There
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It’s not that the demand isn’t there, it’s that new buildings are not being brought to market. Between City Council, the planning department, and the former Premier a concerted effort was made to shut down residential real estate development in Toronto. They were incredibly successful and thorough in their complete crushing of the industry. Get ready for a massive drop in available condos as a result. Very few residential cranes in Toronto in five years.
GTA new condo sales dropped 56% in Q2: Urbanation | Livabl