Condo market to ‘cool gently,’ not crash

Canada’s condo market is likely to “cool gently” rather than crash, with construction starts, and price gains, likely to be modest over the next five years, according to a report released Wednesday.

Employment and population growth, an aging demographic and low interest rates are all expected to buoy the sky-high housing sector that some analysts still fear is stuck in bubble territory, says the report by the Conference Board of Canada.

Read full story here.


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