Urbanation Q2 Market Survey

Urbanation Q2 market survey: Unsold inventory, considered a key barometer of the health of the condo market, dropped 13 per cent as of the second quarter of 2015 over the same period last year, according to Urbanation Q2 market survey released Wednesday, according to Metro News. But just 1,425 of those are completed and move-in ready, down slightly from last year, says Urbanation. The rest are in various stages of construction, although some 1,000 more are expected to be completed by the end of this year, according to Urbanation senior vice-president Shaun Hildebrand and Demand remains so strong for new condos and especially among end users looking for a place to live rather than an investment to rent out that the glut of unsold units declined significantly across the GTA as of the second quarter, according to developers and condo research firm Urbanation. The total number of unsold units may still sound large on paper 17,709 units as of the end of June, down from 20,763 during the same period last year, Urbanation survey says. (www.immigrantscanada.com). As reported in the news.