One Bloor Condo - Construction Update (video)

Here is the second part of my construction update at the site of the One Bloor Tower at the corner of Yonge and Bloor, being developed currently by Great Gulf Homes, and construction Contractor Tucker Hi-Rise. The Tower when complete will rise some 75 floors, and 260 meters, making it one of the tallest residential towers in Canada after the Trump Toronto Tower, and the Aura Tower by Canderel Stoneridge which is also under construction down the street at Yonge and Gerrard.





 Toronto's Condo Market is not on the verge of collaspe as it has been reported by many doomsayers that state that the Toronto Market is overbuilt. Yet, there has never been any evidence that there are too many condos under construction in Toronto. The Conference Board of Canada has supported this argument by stating that in it's future predictions the Toronto Condo Market Will Remain Stable.

 A new report from the Conference Board of Canada predicts that the much-watched condo sector will avoid an ugly downturn, even in Toronto. Economists and policy-makers are keeping a close eye on condos, especially in the country’s most populous city, where cranes dot the sky. A number of economists say that too many units are being built, a development that would put pressure on prices. The Bank of Canada has highlighted the risks that this market could pose to the economy