Ontario

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Condo sales in Toronto, Hamilton fall to 35-year low in third quarter (www.theglobeandmail.com)

submitted 2 months ago by MakingWork@lemmy.ca to c/ontario@lemmy.ca

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Only 319 new condo units were sold in the third quarter, down 54 per cent from a year ago and the lowest quarterly total since 1990 when Toronto’s condo market faced a severe crash, according to a quarterly condo report by the real estate research firm Urbanation.

Lemmings, what are your opinions on the housing market?

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[–] Mugmoor@lemmy.dbzer0.com 1 points 2 months ago (1 children)

I mean, isn't that basically what Carney is trying to do with the new "Build Canada Homes" program?

[–] Thedogdrinkscoffee@lemmy.ca 2 points 2 months ago* (last edited 2 months ago)

No. That is Canada giving corporations protected profit for private housing. Not public housing.