Buying blind: Loose rules around bidding breed suspicion and mistrust theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Fred Lum/The Globe and Mail
Are condominium apartment investors sniffing around for deals in Toronto’s downtown core?
Anecdotes abound, but the only positive data points are the relative bumps in sales that saw 1,551 condominium apartments sell in December across the city. According to data from the Toronto Region Real Estate Board, it wasn’t even the busiest month of the year (July saw 1,689 sales), but it was about the same level as September and August (1,549 and 1,536, respectively), which was welcome news to realtors who observed down months in October and November (1,438 and 1,375).