Thread: Economy Thread
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  #950  
Old Posted Nov 12, 2023, 8:26 PM
jammer139 jammer139 is offline
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Join Date: Jun 2016
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New condo sales has slowed dramatically in Toronto with dozens of projects shelved. Considering some buildings in the past had over 70% of the units purchased by investors who rented them out on a short term basis (ie: AirBnB) or leased the units. A number of condo projects in London have likely also seen a pause. An example being Siftons West5 Candela condo building and I suspect tower 3 and 4 of Tricar's NorthLink site.





https://torontosun.com/news/local-news/dozens-of-gta-condo-projects-shelved-due-to-low-sales-report
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