Findings published by the Canada Mortgage and Housing Corporation and real estate information provider, RealNet, show the percentage of new homes sold that are condo-apartments has consistently risen over the past 7 years. In 2000, condos only represented a measly 25% of new home sales. However, compare that to this year, 2007, which shows the percentage has almost doubled to more than 50%. And it appears that the percentage will continue to rise.

So, it looks like condos will continue to be built to meet the demand, and population density will increase in cities where most condos are developed.

This entry was posted on Friday, December 7th, 2007 at 10:09 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.