Real Estate in the News

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Our weekly wrapup of the important real estate news stories we’re following.

Unsold condos pile up in Toronto, hit 21-year high –
With a record number of condominiums completed by builders last month the number of unsold units hit a 21 year record high in Toronto.

Oil price crash raises risk of Canada housing market correction: Reuters poll –
A majority of forecasters polled agree that the chances of a sharp fall in house prices has risen over the past three months.

If GTA housing unravels, how it might unfold: Mayers –
We can look to the San Francisco experience to see how the Toronto housing market could potentially unravel, according to Adam Myers