Toronto Condo Market Low Risk
Despite fears of a slow-down, the Toronto condo market juggernaut keeps rolling on. A recent report by the Canada Mortgage and Housing Corporation (CMHC) indicates that most condo developers begin construction only when 70 per cent of the development has been sold, lowering risk. According to the report, 79 percent of condo projects start after at least 70 per cent of the units are sold.
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