After the Surge: Understanding the GTA’s Housing Market Decline
Rising construction costs, elevated interest rates and shifting immigration patterns have combined to create a challenging environment for Greater Toronto Area ("GTA") developers, with falling resale prices, stalled projects and unsold units highlighting a market reset. Developers, investors and lenders are reassessing project feasibility, financing models and pricing strategies as demographic and economic trends continue to reshape demand for housing.
In this Lexpert article, Sam Billard, a partner in the Aird & Berlis Distressed Real Estate Group, examines the causes of the GTA’s housing market decline and explores what stakeholders can do to manage risk and respond to a changing residential market.
Click here to read the full article.
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BioFull bio
Drawing on his years of experience and pragmatic nature, Sam addresses clients’ financing and lending issues both in Canada and abroad.
