The market for condos in the Greater Toronto Area is likely to be slower in the coming months due to the impact of weaker oil prices.
The market for condos in the Greater Toronto Area is likely to be slower in the coming months due to the impact of weaker oil prices. Although consumers in the city are more likely to be benefitting from low oil and gasoline prices investors, who make up a sizeable proportion of condo buyers, are expected to become more cautious. Research firm Urbanation is predicting a “moderate slowdown” in the market as lower investor interest is somewhat offset by lower supply as developers curb their activity.
