华尔街日报: 多伦多公寓成交量Q3 比 Q2 大跌30%，大多公寓房市继续冷却。
More Signs of Cooling in Toronto’s Red-Hot Condo Market
November 1, 2012
New condominium apartment sales in Toronto fell 30% in the third quarter from the second quarter, Urbanation Inc. said Thursday, another sign the condo market in Canada’s biggest city has topped out in the wake of the Canadian government’s efforts to guard against as U.S.-style, real-estate meltdown.
But at the same time developers are getting the message and slowing construction activity to meet the reduced demand, the Toronto-based condo market research company found.
Toronto condo projects on hold as sales plunge
NOVEMBER 1, 2012
“With slowing sales and a record level of unsold inventory in the market in the second quarter, condominium developers reacted quickly by delaying their project launches, especially in the ‘416’ area,” says Ben Myers, executive vice-president of Urbanation, in a release. “Just five projects launched in Toronto in Q3-2012, as developers choose to review their pricing assumptions and unit mix.”
Prices are also being impacted.
Financial Post: Condo market driven by easy credit and faulty math
Nov 1, 2012
"We believe that buyers in the current condo market exude hope over experience"
"despite claims of a buoyant rental market investors are ending up with "an astonishingly low return on invested capital.""