"I would feel a lot better if I were counting half as many cranes," says TD Bank chief economist...

|By:, SA News Editor

"I would feel a lot better if I were counting half as many cranes," says TD Bank chief economist Craig Alexander of the condo-building craze in Toronto. Prices are up 10.5% Y/Y in the city even as mighty Vancouver sees a 3.1% decline. "Is there enough demand for all those condos? It's hard to imagine." (previous)