News Releases
- Industry numbers show condominium suites accounted for nearly two-thirds of all new home sales in the Greater Toronto Area (GTA) in June 2011
- BMO survey shows 46 per cent of Canadians who are planning to buy a condo will do so as a means to get into the housing market
- Price, low maintenance living and location are the main factors driving condo purchases
TORONTO, ONTARIO--(Marketwire - July 28, 2011) - In Toronto condos have been accounting for a significant portion of new home sales. And with condo projects sprouting up along the skyline and throughout the GTA and interest rates hovering near historic lows, condominium sales are showing no signs of slowing this summer.
With this in mind, BMO experts and Tridel, Canada's largest condominium developer, will discuss the real estate environment in the GTA, what prospective buyers and sellers need to keep in mind and the current trends shaping Toronto's condo market.
Panellists will discuss the following topics:
- Is the GTA housing market poised for a correction? Are prices expected to increase or decrease?
- What factors are influencing Canadians, especially those in the GTA, to opt for a condo rather than the traditional starter home?
- What are the key trends in building, including top amenities and customization?
- The financial ins-and-outs of purchasing a condo
- Additional insights and commentary
| What: | BMO Bank of Montreal and Tridel Discuss the GTA Condo Market |
| Who: | Robert Kavcic, Senior Economist, BMO Capital Markets |
| Fausto Bonomo, Regional Director, BMO Bank of Montreal | |
| Jim Ritchie, Senior Vice President, Tridel | |
| When: | Thursday, July 28th, 2011 at 10:30 – 11:30 a.m. ET |
| Media Dial-In: | Toll Free 1-866-696-5910 or (416) 340-2217 |
| Passcode: | 3367051 |
please contact:
Rachael McKay
(416) 867-3996
rachael.mckay@bmo.com