Author: KELVIN YU, Broker

Toronto faced compounding exposure as the trade conflict squeezed construction economics and condo starts declined, leaving new supply more sensitive to higher material costs.
A federal construction index showed fabricated metal costs ↑2.1% quarterly, adding pressure in Toronto as building projects remained tied to steel-intensive development.
Structural steel costs ↑1.8% quarterly, reinforcing supply-side risk for Toronto, where construction still relied on steel and rebar priced significantly higher overall.
With little to no condo construction to fall back on, Toronto was described as doubly exposed to potential price shocks on supply side.
For Toronto, the key takeaway was straightforward: weaker condo starts and costlier steel increased the market's vulnerability to supply-side pricing pressure recently.

Toronto faced compounding exposure as the trade conflict squeezed construction economics and condo starts declined, leaving new supply more sensitive to higher material costs.
A federal construction index showed fabricated metal costs ↑2.1% quarterly, adding pressure in Toronto as building projects remained tied to steel-intensive development.
Structural steel costs ↑1.8% quarterly, reinforcing supply-side risk for Toronto, where construction still relied on steel and rebar priced significantly higher overall.
With little to no condo construction to fall back on, Toronto was described as doubly exposed to potential price shocks on supply side.
For Toronto, the key takeaway was straightforward: weaker condo starts and costlier steel increased the market's vulnerability to supply-side pricing pressure recently.

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!