US builder decides against Toronto condo market
in the city. Toll Brothers CEO Douglas Yearley said his company was thinking of entering the market three years ago but found that a high percentage of properties were being bought by investors who planned to sell the property on. Yearley says that large scale ‘flipping’ of properties is what causes a bubble. That said, he believes the company made a mistake by not getting into Toronto. Read the full story.
A builder of luxury condos from the US considered and dismissed expanding into Toronto due to the high level of