the top Canadian Cities when it comes to Condo Constructions and Sales. So although, the Canadian Real Estate Market is slowing, it still has enough heat to keep sales at near record levels

Canadian Condo Construction Leaders

 Here is my listing of the top Canadian Cities when it comes to Condo Constructions and Sales. So although, the Canadian Real Estate Market is slowing, it still has enough heat to keep sales at near record levels. Toronto for instance, had a record breaking year for sales last year. 27,000 new condo units were sold in the city at the very height of the construction boom. Currently Toronto has 147 highrises and skyscrapers under construction, and even though sales have slowed to an extent, the total numbers of sales have not been matched by any other area of the country.

Now onto our Top Canadian Condo Constructors List for 2012




Toronto - #1

Toronto even in the midst of what might become an unprecedented slowdown in Condo Construction still leads the rest of the country (Canada) in terms of sales and constructions. There has been word that Montreal has been getting hot, and I want to believe. Please send me the memo when they get over 10,000 condo sales per year.

Vancouver # 2

Vancouver like Toronto is in the bulls eye of the Federal Government. If the Conservatives had their way, they would apply borrowing policy for Toronto and Vancouver separately from the rest of the country. This way they could destroy the economy here without at the same time killing the Alberta housing market. But then everyone would see how two faced they are about capitalism.  Anyways, Vancouver has been on the downslope for some time, even without Federal Intervention, but it's still enough to stay ahead of Calgary and Montreal for the #2 Title. Look for Vancouver to maintain even in the face of a down market and increased government oversight of the real estate market there.

Calgary #3

Calgary, might be at the top of the list if it was bigger, as I apply the ranking on absolute numbers. However if it was a per capita list, Calgary might well be at the top, although I'll point at that currently Toronto has 10 times as much skyscraper construction as Calgary and we are at best only 7 times bigger than Calgary. There is much oil money in Calgary and people there have the means to escape increased federal oversight of the real estate market including new measures to increase the down payment required for a new home and the shortening of the amortization period for new mortgages.

Edmonton #4

Edmonton, Like Calgary is riding the Alberta economic wave, but to a slightly lesser degree the the white collar capital of the province. Edmonton is the the route to the oil sands and Fort MacMurray, so I see good things in the horizon for Edmonton, it's housing market along with Calgary's has been at the top of the nation's for the past 3 or 4 years. In absolute terms, Vancouver, Toronto and Calgary will outpace it in terms of the number of units sold.


Montreal #5


Oh Boy, Poor Montreal, getting hot at the end of the condo boom. Still though, I'll give them props they have more construction happening there than they do in Chicago, so it's not all gloom and doom.  Let Montreal bask in the glory of being the only hot market in the country. This is their time, but the sales figures in Montreal are still well below that of Toronto and Vancouver. Time will tell, there is a big launch on the way for the Bell Centre Condos. With Le Tours des Canadiens super tower for Montreal, I believe it will be 48 floors so keep a watch for the numbers to gauge the future of that market.

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