Understanding the Effects of Market Volatility on Profitability Perceptions of Housing Market Developers
Shahab Valaei Sharif,
Dawn Cassandra Parker,
Paul Waddell
et al.
Abstract:Drastic shifts in prices and housing market trends in recent years, representing shocks to the housing system, have led many residential developers to pause or cancel their projects. In the already heated housing markets of the Greater Toronto Area (GTA), these supply frictions can have ramifications for affordability. Our study formulates a standardized “proforma” model of the profitability of a hypothetical condominium project in the city of Toronto, Canada, scheduled between 2019 to 2023, to explore the com… Show more
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