Friday, March 2, 2012

In the News: Toronto Condo Bubble?


While some housing markets in the U.S. are struggling, Toronto's is flourishing at the moment, says Doug Alexander in a Bloomberg.com news article. With more high rises being built than in any US city, including NYC, Toronto's "boom" is raising concerns that the housing demand may be overestimated, he writes. Many, however, say it is justified, given that Toronto is home to some of Canada's biggest banks, insurers, asset managers, pension funds, and financial services firms. Click here to read Alexander's full article. Here at BuildingLink, we're expecting our presence in Toronto to strengthen over the next few years to accommodate the many buildings being constructed and the many future residents of those buildings. Everything we have to offer (from package tracking, to maintenance tracking, to our iPhone and Android applications) is and will continue to be welcomed by the Toronto housing community, as it is all very relevant and valuable. Keep growing, Toronto...we're ready!

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