Highlights:

- After pulling off what could be best called a 'crunchy' or turbulent landing, but most importantly avoiding the worst-case crash scenario, the GTA condo market is expected to stay grounded until a sustained economic recovery takes hold.

- Buyer market conditions seemed entrenched as we entered into recession. However, while soft, resale market conditions have not deteriorated significantly over the last few months of available data. To the contrary, they have in fact improved, supporting our view that, ...

- ... as argued in a recent report1, conditions are not expected to mirror those in the U.S., which were largely brought on by shaky mortgages built upon lax credit conditions and chronic overbuilding.

Join the Discussion