Toronto condo market loses steam as investors bolt | The Globe and Mail

by Faiz Ahmed last modified 2012-08-02T15:15:12-04:00
"[T]he number of unsold new units hit a record at the end of the second quarter, at more than 18,100 units or about 20 per cent. ... Notably, the so-called absorption rate declined to the lowest since late 2008, the depths of the financial crisis."
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