Canadian real estate landscape shaken to its core with downtown Toronto condo sales falling

Author: Andre Ouimet - Mortgage Agent | | Categories: First Time Home Buyer Mortgage , Home Equity Loans , Income Tax Debt , Mortgage Agent , Residential Mortgages , Second Mortgage

Toronto’s condo market showed more signs of cooling in October, as people sought more spacious accommodation outside the core of Canada’s biggest city with the coronavirus pandemic still raging.

Condominiums in Toronto’s central 416 area code were the only segment of its housing market to register a decline in the number of sales in October, falling 8.5 per cent compared to the same month last year, according to data from the Toronto Regional Real Estate Board.

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Ari Altstedter

Original Article Posted on:  Nov 04, 2020 

Link to Original Article:  https://financialpost.com/real-estate/downtown-condo-sales-fall-in-toronto-as-people-flee-to-suburbs



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