Condo inventory growing as sellers anticipate demand rebound: Re/Max report

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Condo inventory growing as sellers anticipate demand rebound: Re/Max report
Fraser ValleyGreater Toronto AreaCondo Market
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TORONTO — A new report says condo inventory is on the rise in most major Canadian markets as more sellers are listing their properties in anticipation of...

TORONTO — A new report says condo inventory is on the rise in most major Canadian markets as more sellers are listing their properties in anticipation of growing demand from buyers.

Re/Max Canada president Christopher Alexander says by spring of next year, "pent-up demand is expected to fuel stronger market activity, particularly at entry-level price points," after high interest rates and stringent lending policies kept many buyers on the sidelines. Tehran rejects "accusations" put forward by a British security official, Iran's foreign ministry spokesperson Esmaeil Baghaei said on Wednesday, a day after UK's MI5 spy chief said 20 Iran-backed potentially lethal plots had been disrupted in Britain since January 2022. In a wide-ranging speech on Tuesday outlining the current threat picture, Security Service Director General Ken McCallum accused Iran of being behind "plot after plot" on British soil.

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