Quote:
Originally Posted by caltrane74
The Toronto Market is cooling? Hmm... could have fooled me, I've given up trying to keep up with the projects going on here.
Just keeping pace with CIBC Place and The One really.
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Housing starts (by unit count) are down but the time to construct a building is increasing due to larger project size.
That means there are more simultaneous units under construction despite a lower pace of sales. It would take several years of lower starts before the effect was visible to those counting cranes.