This week I have visited a seminar held by TD Bank and CMHC.
The most interesting points are the follows:
– Fewer sales for GTA in 2016-2017
– Affordability is in decline with growing gap in between required income vs actual income
– New construction will slow down
– Appreciation rate for both condos and low-rise will slow down drastically
– New condos are feeding a rental market supply
– Almost 6% of all new condo buyers in Toronto Center are non-Canadians
Here is their vision for the upcoming two years in slides: GTA Outlook (22 Feb)
