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New condos boost GTA housing market

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Guest | 11 Sep 2012, 06:05 PM Agree 0
  • Jagdeep Singh | 13 Sep 2012, 05:48 PM Agree 0
    Everyone sees the increase in new condo construction but no one sees the reduction in single family homes. Plus condos get built over a 3 to 4 year period. So only 1/4 of units under construction come on the market in any given year. Compare that to the 100,000 people we gain in GTA each year and it is easy to see why prices keep going up. Even the rental vacancy is low. As you can probably tell by now, I am a REALTOR :)
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