There’s more supply in the pipeline than ever before — so what does that mean for Toronto’s condo market? - CondoSavvy

Original article via BuzzBuzzHome.

The condo market seemed to get hotter and hotter in 2017, as prices climbed amidst record demand and limited supply. With more units in the pipeline than ever before, will 2018 bring any relief?

Not necessarily, according to Bullpen Research & Consulting president Ben Myers.

“Part of a reason we’ve seen a lack of supply in the 2017 condo market is that the supply being added to the market is from 2013, and 2013 was one of the worst years of the last decade in terms of preconstruction sales,” Myers said during his latest appearance on Facebook Hive, BuzzBuzzHome’s weekly Facebook Live broadcast.

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