Developers to delay building 10,000 condos in GTA as sales plunge - Toronto Star
:format(webp)/https://www.thestar.com/content/dam/thestar/real-estate/2022/08/02/developers-to-delay-building-10000-condos-in-gta-as-sales-plunge/condo.jpg)
8/2/2022 12:00:00 AM2 years 9 months ago
Higher interest rates and construction delays are partly to blame for slowdown, according to a report.
Developers are expected to delay building 10,000 new condominium units as preconstruction sales plunge amid interest rate hikes, putting strain on potential home buyers and renters. At the beginning… [+3907 chars]
full article...