Affordability challenges reverberated through the Greater Toronto Area’s (GTA) new condo market in 2023, and new data shows that buyers simply weren’t biting as the year drew to a close. Urbanation reported on Thursday that 22,477 new condominium units went unsold in the GTA in the final quarter of ...| Storeys
In light of Toronto and Vancouver's condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, Statistics Canada has released data demonstrating the role that investors may play in the issue.According to StatsCan, investors owned 65% of Toronto's...| Storeys
Despite the fact that we’ve seen things perk up in the housing market, generally speaking, the Greater Toronto and Hamilton Area’s new condominium segment remains remarkably sluggish — in large part, because developers have “dramatically pulled back” as they see that buyers aren’t willing (or aren’t...| Storeys
New condo launches have been sparse in the Greater Toronto and Hamilton Area amid the higher interest rate environment. In fact, there was just one high-rise condo launch to speak of in the first few months of this year, which is atypical for the region. And it seems that things have gone from bad t...| STOREYS