With condos not selling, Canada faces worsening home ownership crisis

Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction, half a dozen economists and realtors told Reuters. The sale of these proposed projects, comprising an array of one- or two-bedroom condominiums in major hubs like Toronto, is commonly called pre-construction sales, and a bulk of these properties are usually bought by investors to rent out.Download the CTV News App