The report, published Thursday, says that if supply overtakes demand there could be a sharp correction in prices. Condos are particularly in focus.
The report notes that: "In light of its hotter price performance over the past 3-5 years and greater supply risk, this vulnerability appears to be comparatively high in the Toronto market
TD says that “excessive homebuilding” in the city, and in Vancouver
, is likely to mean a decline in sales in 2016. Prices are increasing faster than wage increases which is another factor putting prices at risk.
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TD Economics says that there is a “comparatively high” risk of a price drop in