Welcome guest.  ( Sign in )

Condo Building in GTA low risk

July 20, 2016

Condo building in GTA is low risk says CMHC

 
 

That’s the finding of a report by the Canada Mortgage and Housing Corp. which shows that 79 per cent of condo projects are only started once at least 70 per cent of the units have been sold. Generally the only exceptions are for smaller developments.

“Condo building activity in Toronto seems to be well managed. In spite of this encouraging information, future inventory management remains critical,” commented Dana Senagama, Principal Market Analyst, GTA Canada Mortgage and Housing Corporation.

The CMHC says that unsold inventory is largely concentrated in downtown Toronto and Markham where the condo markets are more active. Where there are large numbers of unsold units, these are developments which began construction before reaching the threshold of 70 per cent sold.
 

Are you looking for a property? If you like, we can get one of our property experts to help you find exactly what you are looking for. Contact us at Durham Bungalows!

 

source: http://www.canadianrealestatemagazine.ca/market-update/condo-building-in-gta-is-low-risk-says-cmhc-210773.aspx

 


Tagged with: condo risk cmhc
| | Share

Interest Rates Rise

Originally posted on: July 12, 2017
Filed under: interest rates interest
Bank of Canada interest rate revealed by Justin da Rosa, 12 Jul 2017 ...

Most Expensive Home in America

Originally posted on: July 5, 2017
Last updated on: July 5, 2017
Filed under: home most expensive
Unique Home Click on the image below to see more. ...

What Canada Means to me.....

Originally posted on: June 28, 2017
Last updated on: June 28, 2017
Filed under: canada day
Happy Canada Day weekend everyone. Here is what Canada means to one of the McRobert Real Estate Group team members. Please let us know ...

Prepare for an Emergency Part 2

Originally posted on: June 13, 2017
Last updated on: June 13, 2017
Filed under: emergency safety
COLLECT IMPORTANT DOCUMENTS Organize important documents in one place—such as an accordion folder or fireproof safe—so you can ...

Prepare for an Emergency Part 1

Originally posted on: June 8, 2017
Last updated on: June 8, 2017
Filed under: emergeny house damage
KNOW THE RISKS No matter where you live, your region may be susceptible to one or more emergency situations or weather hazards, including: e ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)