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Toronto housing starts up for 2010
Toronto developer Michael Chung is confident there will be demand for new infill homes in the city for 2011. The problem, he says, is finding lots he can build on.
`It`s difficult finding properties that you can tear down and build new,` says Chung, the general manager of family owned builder Berkfife Ltd. `Prices are still expensive for properties, so we have to be very selective.`
According to a report by the Canada Mortgage and Housing Corporation released Tuesday, low rise developers across the city are having the same problem.
Read the full article here.
Toronto developer Michael Chung is confident there will be demand for new infill homes in the city for 2011. The problem, he says, is finding lots he can build on.
`It`s difficult finding properties that you can tear down and build new,` says Chung, the general manager of family owned builder Berkfife Ltd. `Prices are still expensive for properties, so we have to be very selective.`
According to a report by the Canada Mortgage and Housing Corporation released Tuesday, low rise developers across the city are having the same problem.
Read the full article here.