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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

October 6, 2020 | Condo in the Coal Mine

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Plunging rents and rising vacancies are a bad combo for levered owners.

Toronto’s thriving housing market is beginning to show signs of strain, particularly in a condo segment suddenly flooded with new listings.

September data from the Toronto Regional Real Estate Board and research firm Urbanation Inc. show a surge of units for sale–215 per cent higher than a year earlier–according to Urbanation data, the beginning of a weakening trend for condos, along with a sharp decline in rents.  Here is a direct video link.

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October 6th, 2020

Posted In: Juggling Dynamite

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