Condo market in Canada

• The condo market in Canada is currently one of the hottest in the world. It has surpassed the number of units available in New York, NY, Chicago, IL, Miami, FL. etc.
  
  One of the main reasons is that about 250,000 newcomers arrive to Canada as immigrants every year and about half of them decide to come to the Toronto GTA area. That puts so much pressure on the existing infrastructure (housing included) which added to low interest rates has helped push the number of housing starts in Toronto to record levels. In Toronto you can find today a new condo from $130,000 to of course, $15M
  
  

  Anonymous 20 May 2006, 01:04 - Report

Condo and housing market in Canada