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Failing To Adapt To A Changing Market?

Author: 
Toronto Realty
Publication date:
January 20, 2023
Article Summary: 

The article discusses the risks and challenges associated with pre-construction condo investments in Toronto, particularly in the context of changing market conditions. It highlights the discrepancy in pricing between older and newer condo units in the Liberty Village area, with some newer units being listed at significantly higher prices per square foot despite similar or lower prices available in nearby buildings. The author questions the rationale behind these high asking prices and suggests that sellers may be failing to adapt to the current market reality. The article also critiques the practice of listing properties at inflated prices and examines a case where a unit was listed for sale at just $1.

Keywords: 

Pre-construction condos, Toronto real estate market, market changes, condo pricing, property investment, market adaptation, condo listings, real estate trends, market liquidity, market speculation, housing affordability, condo developments, condo resale market.

Source Citation: 
Toronto Realty
Failing To Adapt To A Changing Market?
January 20, 2023
https://torontorealtyblog.com/blog/failing-to-adapt-to-a-changing-market/
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