Toronto Condo Boom Surges In May Defying Odds
Construction began on 2,400 Toronto Condominiums in May, according to new figures released from the Canada Mortgage Housing Corp.
Developers of new Toronto Condos hired more workers to begin construction on new projects that are being launched.
Many of these new Condo projects are pre-sold bought last year when both buyers and investors jumped into the Condo market before new lending rules went into effect.
In the first quarter of 2013 there were 9 new projects launched however so far in the second quarter there was 17 developments launched in the GTA according to Urbanation.
Iris Li is a ReMax Toronto Condos Realtor specializing in new and resale Toronto Downtown Condos, Condominiums, Town-homes and Lofts. Call now for a scheduled showing of these Toronto Condos.