Downtown Toronto Condo Pricing Remains in Line with Market
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The most recent data continues to show there is some stabilization in pricing for downtown Toronto condos, even as bidding for properties in the downtown core heats up. So far the much speculated Toronto Condo Market Crash and Bubble hasn't occurred yet. There seems to be a great deal of demand for downtown living space, and now that sales of new condos have slowed, there looks likely to be a coming near term shortage of affordable rental space in the core. Prices for the C-01 Real Estate district in downtown Toronto dropped only 1.66 percent in January 2013, and another Real Estate Segment, C08 showed a 4% increase over last year.
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