Developers, investors, lenders and experts are cautiously optimistic about the real estate sector, according to a recent report from PwC Canada and ULI.
On October 12, the Alberta government approved the first stage of new regulations that will better protect condominium buyers in the province.
Canadian Apartment Magazine
These are opportune times for apartment builders, and ones that require a nuanced understanding of the markets and respective lending options.
Fortress Real Developments (Fortress) has sold two development sites, located in Richmond Hill and Pickering, which were originally purchased in April.
According to the recent Toronto Housing Market Insight Report from Canada Mortgage and Housing Corporation (CMHC), most condominium developers in the city begin construction only when