Inside Toronto's slumping condo market
The Big Story
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Challenges and Strategies in Toronto's Pre-Construction Condo Market
Exploring the diminishing sales and profitability in Toronto's pre-construction condo market, developers are finding it challenging to attract buyers, leading to creative tactics such as rent-to-buy agreements and staging strategies. With difficulties in qualifying for mortgages, some developments are failing, resulting in financial losses for buyers. The chapter also discusses the impact of falling interest rates on the market's future, speculating on the potential for a market recovery post-pandemic.
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