Toronto Downtown Condos
New Toronto Condos Rush For City Hall Approval
Toronto will see more new Condos in 2012 as city hall considers 18 more Condominium projects that will add 7,000 residential suites to the current market.
There is a rush to review all new projects now as there are fears there will be a municipal strike when 28,000 city workers see their contracts expire Dec.31.
The Toronto Real Estate Board reported November resales were up 11 per cent from the same time las year and the average resale price of an average home climbed 10 per cent.
It is amazing that 18,000 new Condos are expected to be completed by 2011 in Toronto and area and another 37,000 Condo suites are under construction.
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