Canada Condo Construction At All-Time High, As Rest Of Market Cools

VANCOUVER/OTTAWA (Reuters) — Canada's two largest housing markets, Toronto and Vancouver, are being held aloft by booming condo markets as investors and developers stick to an asset they love, fueling charges that the market is geared toward building fortunes rather than homes.Data released on Friday showed urban construction starts for multiple-unit buildings, typically condos, surged 16.9 percent in November to 175,016 units, a record high even after a decades-long boom.Beneath a skyline