Toronto Condo Prices to Remain Flat for 2013The Toronto Condo Market is expected to remain flat to slightly weaker for the 2013 year to come. At the same time demand for older larger condos will see a jump, as people whom need more space upgrade for smaller units in the core, to larger condo units on the fringe of the downtown. Toronto which has been in the midst of a massive condo, skyscraper construction boom, now builds more skyscrapers than New York City by 2 to 1. Infact the boom, Toronto is having right now is more than anything New York or Chicago ever experienced during their construction booms, of the 1930's, 1960's or 1970's on a percentage basis. There are people that doubt the ability of the Toronto market to absorb all these construction units, however we are actually building below our needs, and current demands for housing. Toronto attracts over 100,000 people a year, more than any other city in North America, in absolute terms.
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