Toronto and Vancouver Condos appear to be headed for a softer landing from fears of a certain bubble voiced in the past.
According to a recent report by the Conference Board of Canada those fears are unfounded and Condo markets across Canada are stabilizing.
The main reason for the interest in Condos is price and these Condominiums can provide an affordable alternative for a lot of buyers in expensive locations, think Yorkville, Rosedale and even Forest Hill in Toronto.
Demographics are also helping the Condo market with first-time buyers, empty-nesters and new arrivals from other countries
|Resale Condo Price by City||2012||2013||2014|
|Source: Metropolitan Condo Outlook: Gengrowth|