Sentences with phrase «condo building boom»

While prices may cool, the scarcity of land on which to build detached houses will continue to fuel the condo building boom, said Peter Norman, chief economist at real estate consulting firm Altus Group.

Not exact matches

With such huge profits to be made, I expect the boom in apartment and condo building to continue, perhaps approaching its 1972 peak within the next few years.

A building boom in recent years has added numerous lodging options to the Rincon scene, and these options include enticing condos and upscale hotels that deserve mention among the very best hotels in the Caribbean.

The demand for Leslieville was always building, she says, but when the condos started going up, the boom of young families started to have an effect on the neighborhood dynamic, and ultimately, the schools.

«Many buildings that went up during the beginning of this condo boom are already facing high repair costs, and in many cases lawsuits, because they are built so shabbily,» said Ted Kesik, a professor of building science at the University of Toronto.

But we're also seeing a clear trend among downsizing baby boomers who are looking for convenience, security and the ability to enjoy their retirement living in a condo where they can walk to restaurants and shopping, transit, and enjoy a new lifestyle,» says Bob Finnigan, president of the Building Industry and Land Development Association (BILD).

The condo market also is limited to certain age groups, a factor not adequately considered in the condo building and conversion boom of the late