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Toronto Condo Boom Likely to Settle in 2019 [Potential Shift to the 905 Regions]: Developers

Markham Centre | Markham, York Region“The big part of the solution is the 905. Municipalities like Vaughn, Mississauga, Markham and Richmond Hill are all municipalities that have realized that because of price appreciation, all of a sudden, there is development potential on a lot of their land. They’re realizing that the City of Toronto is slowly closing the taps to new development and they’re going to be the beneficiaries of it, so there’s been this really meaningful shift in the last two years for developers to really go into the 905.”

Full Article: bnnbloomberg.ca

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