No, there isn’t.
But open up the “newspaper” and you’ll be told that there is a shortage. Only, that’s not really a newspaper…
My favorite part of one of the “articles” in this faux-newspaper was when they referred to the 110-unit condo project with ONLY 40 units left.
“Only” 40 units left.
That’s about 36%.
Good Lord. If somebody makes a claim that “there’s a shortage of luxury condos for sale in Toronto” and tries to justify that by pointing at buildings where only 36% of the building is currently available for sale, then I don’t know what to make of it.
Do you know what a shortage is, in my mind?
Zero. Like, zero, or maybe one or two.
You can say there’s a shortage of entry-level homes for sale in Leslieville. Why? Because right now there’s one.
THAT is a shortage.
36% of all units in an entire condominium, is not…