Real estate blog entries tagged with maureen oneill by Mark Tesolin Complete Source for Windsor Real Estate (Prudential Select Realty)

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Home : Blogs : Mark Tesolin Complete Source for Windsor Real Estate : Mark's Blog : Tag "maureen oneill"

maureen oneill: Condo Trends - Cooling But Not Cold - 11/19/08 04:45 AM

Headlines in several Canadian newspapers report that consumers are nervous buying a condo out of fear that what they contracted for will not be built. A more substantial fear is that due to current oversupply, condominiums are getting harder to sell. In Toronto, 22,654 condos were sold in 2007, but only 16,000 are expected to be sold this year. While the long term outlook for the condo market is good, building starts are expected to decline by 6% as prices decline. For current owners in Ontario, this news should be only mildly upsetting as prices will actually increase by 3-5%. Western … (0 comments)

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