Most Populous City: Record Pace

Condo Market Dept: His view sets him apart as fears grow about the health of the condo market in Canada s most populous city, where developers are building at a record pace. But Mr. Diamond is confident enough that he has raised a new $130-million fund that will be used to build more condos, according to Globe and Mail. He believes that what is occurring is a necessary switch from building outward to building upward. We re not supplying too many units, we re supplying them in a different form, he said in an interview and so although it is true that there are more condos under construction in Toronto than anywhere else in North America, he doesn t see it as worrisome: It s just the next phase of the city s development. From an urban fabric point of view, Toronto is unique in the world, Mr. Diamond said in an interview. It s one of the few cities that has both a very healthy core and low-rise single-family homes almost within walking distance of the core. (www.immigrantscanada.com). As reported in the news.