M5V Condo at King and Spadina - Toronto Condo News

M5V at the corner of King and Spadina

Also.. Below - Edmonton and Calgary, displace Toronto and Vancouver as the top prospects for Real Estate Purchases in Canada for the year 2013. This as Toronto condo prices stagnant or remain constant as the inventory in the Toronto Market battles to find the demand to balance out it's production. Emerging Trends and PwC now predicts this oversupply of units, will lead to Toronto being over taken by Calgary as the Toronto slips on the rankings. 

Canadian Real Estate still looks to have excellent development prospects across most sectors for 2013. As there is still solid demand for hard assets in a global economy still ratcheting up from the financial crisis of 2008-2009. Toronto was 3rd on the list, with Calgary and Edmonton sitting in the top 2 postions, and Vancouver sat in 4th position.

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Toronto Loses Top Spot

“Growth characterizes Calgary’s future; it displaces Toronto as the top ranked city for 2013,” said the report. “This has made it challenging to acquire high quality real estate in Calgary, absorption of prime properties has reached record levels, and rents are being pushed due to limited supply.

“This trend will continue in 2013, especially in office and industrial employment space. Construction will increase in the housing and non-residential arenas, but nowhere near pre-crisis levels.”

According to survey participants, Canada’s real estate market will follow along in a seeming state of near-perpetual equilibrium compared with other more volatile regions studied in the report, including most obviously the United States.