Look out below – Canada’s housing market

Tags: canada Canada’s housing market housing market New York Toronto

 

 

 

 

 

 

 

After years of lecturing America about loose lending, Canada now must confront a bubble of its own

In few corners of the world would a car park squeezed between two arms of an elevated highway be seen as prime real estate. In Toronto, however, a 75-storey condominium is planned for such an awkward site, near the waterfront.

The car park next door will become a pair of 70-storey towers too. In total, 173 sky-scrapers are being built in Toronto, the most in North America. New York is second with 96.

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