Tag Archives: preconstruction condo toronto

Canada’s Flaherty Says There Is No Housing Bubble ‘Right Now’

Finance Minister Jim Flaherty said record Canadian home prices partly reflect a stabilizing economy and don’t constitute a bubble “right now,” even though the government is prepared to act if gains become excessive. Flaherty, in an interview today, said recent price increases for homes in Canada are due to a “confluence” of factors including low interest rates, an improving economic outlook and a stabilizing job market. “We always watch the housing market to make sure that we do not see the development of an asset bubble,” Flaherty, 59, said during an interview in his office in Ottawa. “There would have … Read more

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Gen Y Drives Toronto Condo Boom!

With a record 20,000 new condo units set to become available in 2010, the recession seems to have bypassed the Toronto Condo market! Love them or hate them, Toronto is fast becoming the city of condos. The condo building boom that began several years ago is showing resilience, as low interest rates and a steady stream of eager new buyers are sustaining a market that looks very affordable by international standards, some experts said. Condo consultant Barry Lyon said 2010 is poised to be a record year for Toronto condos. “We have become the largest condominium market in North America … Read more

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