Sal Guatieri

Toronto Condos

CondoBusiness

Unsold T.O. condo units reach 21-year high: BMO

According to a report from Sal Guatieri of BMO Financial Group, the number of unsold condo units in Toronto soared to levels not seen in 21 years this January. Guatieri, a Senior Economist at BMO, predicts that the rise in unsold condos, which reached 1,602 units, will slow the increase of new condo prices.