Plunging rents and rising vacancies are a bad combo for levered owners.
Toronto’s thriving housing market is beginning to show signs of strain, particularly in a condo segment suddenly flooded with new listings.
September data from the Toronto Regional Real Estate Board and research firm Urbanation Inc. show a surge of units for sale–215 per cent higher than a year earlier–according to Urbanation data, the beginning of a weakening trend for condos, along with a sharp decline in rents. Here is a direct video link.
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