Condo Markets Stalled by Rising Rates
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•Business
Business & Economics
Posthaste: Toronto condo sales drop 75% leaving investors bleeding cash, CMHC says

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
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Attention-grabbing headline
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External references
1
Source diversity
1