Urbanation's Q1-2025 Condominium Market Survey released today confirms what many already know: that Toronto's condo market continues to be in a free fall.The free fall began in the first half of 2024 and is largely the result of historically low demand driven by high interest rates and over supply (...| Storeys
Despite constant calls to build, build, build and a recent boom in purpose-built rental (PBR) projects, the narrative is still the same: Ontario is not building rental units fast enough to meet rising demand."Without a significant improvement in the economic feasibility of building purpose-built ren...| Storeys
In its 2024 Top-Tier End-of-Year Real Estate Report, Sotheby's International Realty Canada describes this past year as having been a "tumultuous landscape" for luxury real estate. In closing out the quarter-century, Sotheby's highlights political and economic uncertainty, housing taxes, sweeping reg...| Storeys
2024 was a remarkably tough year for new condos in the Greater Toronto and Hamilton Area — and anyone invested in them. This is evidenced by the fact that 14 condo projects were cancelled in 2024 alone, according to data provided to STOREYS by research and consultancy firm Urbanation. Those projects...| Storeys
