Although some believe there is a slowdown in the condo market in Toronto, the construction of new developments continues and parking lots are disappearing in the process.
RealNet Canada says that almost 80 sites have been sold in the first three quarters of this year, which will produce high-rise residential sites worth $806 million. It’s highly likely that the 2012 record of $1.1 billion will be beaten by the end of the year.
Experts say that there is still a lot of room in the Toronto condo market with investors’ interest still very high.
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