Canadian Real Estate Is Stable, Toronto Condos Are An Exception: BMO
No news is good news, especially for real estate investors looking for markets to stabilize. BMO Capital Markets dived into existing home resale data, and found little movement in July. Inventory is outpacing sales but they believe stocks are largely just being replenished. Toronto condos are a notable exception, where they are starting to see a supply glut. Considering Toronto real estate led Canada’s markets on the way up, it’s worth paying attention to see if it leads on the way down.
Read More: https://betterdwelling.com/canadian-real-estate-is-stable-toronto-condos-are-an-exception-bmo/
