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Financial insecurity may slow Toronto condo construction

Posted on 09 October 2008

From Cbc.ca: Some condominium developers in Toronto are starting to feel the effects of the global credit crunch, and analysts say that could put some projects in jeopardy. A condo market analyst says 30 per cent of the 120 projects currently being marketed in Toronto are teetering because they can’t get financing.

Projects already being built don’t appear to be in any danger of grinding to a halt, said Jane Renwick, executive vice president of Urbanation, a condo consulting firm….. Full Article: Source


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