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Ten thousand condos to be delayed this year amid market shift: Urbanation

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Urbanation Inc. expects almost 10,000 Greater Toronto Area condo units to be delayed this year as increasing mortgage rates weigh on home sales.

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Developers expected to delay 10,000 units as slowdown hits condo presalesSigns of the broader real estate slowdown has spread to the preconstruction market That will only make the housing market worse.
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