A new report from TD Bank
says that the building boom in Toronto is coming to an end. It predicts that house prices will reach their peak and decline soon and a large supply of new condos this year is the “greatest near-term risk for the market.” The report suggests a “cyclical downturn” rather than a crash though with condo prices trending lower of the coming years. It warns that investors may start pulling out of the condo market though as prices start to dip.
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