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The condo soft landing begins?

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Real Estate Professional | 10 Sep 2014, 09:23 AM Agree 0
Construction in the condominium market slipped 3.7 per cent to 192,368 units in August compared to 199,813 in July, according to Canada Mortgage and Housing Corporation (CMHC) in a report release Tuesday.
  • Bernie Mead | 22 Sep 2014, 10:43 AM Agree 0
    The condo market will ultimately catch the conscious of the king, rather the market. If we think that condo sales will continue to rise back up to past levels, we are kidding ourselves. Just saying.
  • Al Daimee | 25 Sep 2014, 03:01 PM Agree 0
    Being an active agent in the Downtown Toronto condo market, there certainly needs to be a few changes:

    - less small units being built (the argument that Toronto needs more rental stock is fading when you consider how many units are available for lease at a given time the current pipeline of construction)
    - better quality construction (fit and finish is nowhere what it used to be)
    - finishes of units in a lot of condos are so similar now that no new buildings really seem to stand out anymore
    - builders need to be accountable, and timely, with handling their construction defects to encourage people to absorb the new construction projects already launched

    Construction always fluctuates from month to month and a 3.7% variance is nothing to really be concerned about. There are quite a number of new condo launches in the GTA that have yet to be considered a "start", since they are still in the sales phase.
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