Quote:
Originally Posted by koops65
The pace of construction in Toronto hasn't slowed down much... other towers have been in sales for some time now and may start construction at any time as well.
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"Hasn't slowed much..." - that sounds like a real estate agent's spin.
If Toronto has a market decline these proposals (and they are just that - proposals) will vanish like mist on a hot morning.
Toronto may already be in a bubble from what I have read. Most of the new towers going up there are condo - and that's a bad sign. Chicago is building office towers as well as mixed use, hotels and apartments and then lastly condos.
If Toronto starts building skyscrapers clustered around downtown that are for working and multi use, then thats a healthier market and adds more life to the city center than the typical Toronto North York condo. I think that is coming but likely down the pipeline some.