Survey reveals sentiment of condo investors
Optimism and confidence in the Toronto and Vancouver condo markets remain strong, with a new CMHC survey revealing 55 per cent of investors anticipate value gains this year.
This is a rise on the 48 per cent who said the same in response to CMHC’s 2013 survey.
The 2014 Condominium Owners Survey (COS), which was published Friday, also found that confidence is significantly higher in Toronto than it is in Vancouver, at 64 per cent and 42 per cent, respectively.
It should be noted, however, that the polling took place before the brunt of the oil shock took hold, which has had a muted effect on both the Toronto and Vancouver economies.