#Toronto Condo Market Remains Resilient Despite Slowdown Fears
Sales of condos in Canada’s biggest city fell only slightly 13.1% in the first 14 days of February, compared to the same period last year according the the Toronto Real Estate Board. The average condo price was also lower, falling by only 6.0% to 330,361 Canadian dollars ($325,960), Considering the doomsayers, the market looks resilient and if it can maintain this strength throughout the year we could be looking at more construction as news has broken that the INDX Tower which is almost 200 meters tall is set to begin construction as well as 88 Scott which looks set to break ground beginning in April.
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