Canadian builders selling out projects within days of opening…both low end and pricier homes moving fast…first-time buyers driving demand – accounting for 57 per cent of sales…semis in the suburbs are new hot item…
(Source: The Toronto Star)
Buoyant consumer confidence, competitive pricing and a robust resale market have fuelled a surprisingly strong comeback for the new lowrise home market. Several recent openings have attracted overnight lineups and virtual sellouts in their first few days offered to the public.
Read the full article by Tracy Hanes “Consumer confidence, pricing driving market” in the Toronto Star (Oct 10, 2009).