2 w. ago
Hardly any developers are building homes in Toronto as market continues to plunge
Despite Toronto's impractical cost of living, the stress of the trade war and the nation's casual economic recession and all, it's a pretty great time to get into GTA real estate if that's always been a dream of yours.Sellers are getting desperate as new listings continue to indundate the market while sales numbers remain a shadow of what they once were.The downward spiral has been been especially bad for condos, and worse, still, for new condos — so bad that a growing number of complexes have been stalled in various stages of progress, with not enough units sold to continue.Naturally, this has been cause for alarm among stakeholders on the building side of things, who continue to plead for the government to intervene in the form of lowering certain taxes, development charges and other fees that hamper new construction.The Building Industry and Land Development Association (BILD) and Canada Mortgage and Housing C...
Sport
