"There’s perhaps never been a better time to sit on the sidelines and see how things shape up over the next year from the comfort of your rental condo."
That's a quote from Ben Rabidoux in The Globe and Mail's April 17th post "Is Canada’s condo boom coming apart at the seams?" Here are some snippets with respect to the ballooning inventory level of condos:
- TORONTO: "growing supply-demand imbalance ... through the rest of the year and into 2014"
- MONTREAL: "the greatest supply-demand imbalance currently exists... growing rapidly"
- OTTAWA: "current supply-demand imbalance ... resale price of condos slumped"
Ben Rabidoux is a Canadian analyst and strategist with U.S.-based Hanson Advisors, and author of The Economic Analyst blog.