✉news BusinessFinance first seen 4 h ago, last 12 min ago, peak #8
Toronto's condo crisis exposes failed economic forecasts
Original: Toronto’s condo crisis and the failure of economic forecasting
A new commentary examines Toronto's ongoing condo market troubles and argues that economists repeatedly failed to predict the downturn. Toronto's condo sector, long a driver of the city's growth, is facing oversupply, falling prices and stalled construction, leaving buyers and investors exposed. The piece questions why forecasters missed the warning signs and what that means for confidence in housing market analysis.
Why now: Toronto's condo market downturn is disrupting buyers, investors and the city's economy, renewing scrutiny of faulty housing forecasts.
Torontocondo marketWorld Finance
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- Toronto’s condo crisis and the failure of economic forecasting · worldfinance.com
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