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Business & Economics

Posthaste: Toronto condo sales drop 75% leaving investors bleeding cash, CMHC says

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Summary
Nutrition label

66% Informative

Higher interest rates reducing affordability for homebuyers and returns for investors.

Uncertainty caused by tariff strife has also throttled demand.

Record number of condominium apartments were built in Toronto and Vancouver in 2024 .

Canada needs to build roughly 3.5 million additional units by 2030 to fill housing affordability gap.

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VR Score

72

Informative language

73

Neutral language

43

Article tone

semi-formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1