Investors On Sidelines As Toronto Condo Market Cools

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TORONTO CONDO CRAZE
Toronto condo developers are seeing a dramatic downturn in investor interest in new projects — more than 30 to 40 per cent in just the last few months — as the condo market cools. (Canadian Press photo) | CP

Toronto condo developers are seeing a dramatic downturn in investor interest in new projects — more than 30 to 40 per cent in just the last few months — as the condo market cools.

“The golden era of highrise condos is turning to bronze,” says long-time real estate consultant Barry Lyon.

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