Came across an interesting documentary on the Toronto condo market. Has anybody else come across "The Condo Game" and how do you feel it compares to the sea of cranes above the Calgary skyline?
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The Condo Game examines the forces at play behind the fastest moving condo market in North America – Toronto - and discovers that the glittering glass hides a sea of troubles. The first startling revelation for many people will be how very much the condo market is focused on investor profit, not affordable housing. One expert even says that it’s really not a housing market but a commodities play. And that means that average Canadians, looking for a primary residence, are inadvertently joining a game for which they don’t have the rule book."
Documentary:
http://www.cbc.ca/doczone/episodes/the-condo-game
Fast Facts:
http://www.cbc.ca/doczone/features/facts-from-the-condo-game
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