A former analyst at the Canada Mortgage and Housing Corporation says there is a strengthening link between the stock market and condo sales.
Shaun Hildebrand, senior vice-president of condo market analysts Urbanation, has spotted a trend in which growth in stocks in one quarter appears to boost sales of condos in the next quarter.
Hildebrand suggests that investors who reap rewards from their shares may then use earnings to invest in condos. He accepts that further analysis is required but if the trend is proven then tracking stock market activity could be a useful marker of condo sales in the coming months.
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