Ground has been broken on the first of three towers at Forêt Forest Hill, Canderel’s master-planned 1,300-plus-unit condominium community at the corner of Bathurst Street and St. Clair Avenue West in midtown Toronto.
Thousands of newly completed and forthcoming condominium suites — including small, investor-driven units not designed for long-term end-users — are entering a generationally weak Greater Toronto and Hamilton (GTHA) market shaped by higher interest rates, constrained financing and cautious buyers.
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