Thursday, 24 October 2013

Edmonton and Calgary, displace Toronto and Vancouver as the top prospects for Real Estate Purchases in Canada for the year 2013. This as Toronto condo prices stagnant or remain

M5V Condo at King and Spadina - Toronto Condo News

M5V at the corner of King and Spadina
Also.. Below - Edmonton and Calgary, displace Toronto and Vancouver as the top prospects for Real Estate Purchases in Canada for the year 2013. 

This as Toronto condo prices stagnant or remain constant as the inventory in the Toronto Market battles to find the demand to balance out it's production. Emerging Trends and PwC now predicts this oversupply of units, will lead to Toronto being over taken by Calgary as the Toronto slips on the rankings. 

Canadian Real Estate still looks to have excellent development prospects across most sectors for 2013. As there is still solid demand for hard assets in a global economy still ratcheting up from the financial crisis of 2008-2009. Toronto was 3rd on the list, with Calgary and Edmonton sitting in the top 2 postions, and Vancouver sat in 4th position.

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