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1. • • Last month, Bloomberg News reported that Toronto’s condo developers saw sales of new units in the first half of the year fall 57 per cent from the previous year, marking the slowest pace in 27 years amid high interest rates and a pullback in demand.
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     Toronto’s condo market to ‘get worse’ as pre-construction ...

2. People also ask

   Why were Toronto condo sales down 20 per cent in the second quarter?

   • Toronto condo sales were down nearly 20 per cent during the second quarter of the year as elevated interest rates continued to weigh on the market. New data released by the Toronto Regional Real Estate Board (TRREB) shows that just 5,474 condos changed hands in April, May and June, compared to 6,824 during the same time period last year.

   Toronto real estate: Condo sales were down nearly 20 ... - CTV News Tor…

   toronto.ctvnews.ca/toronto-condo-sales-were-down-nearly-20-per-cent-in-second-quarter-as-inventory-levels-continued-to-rise-trreb-1.6978803

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   Are Toronto condo sales bouncing back in 2023?

   • Photo by Carlos Osorio/Reuters files Condo sales in the City of Toronto slowed to a trickle to end 2022, but the market showed signs of bouncing back in the first quarter of 2023, data from the Toronto Regional Real Estate Board showed. Now the question is whether that recovery has legs.

   Toronto's condo market shows signs of recovery, but will rebound last

   financialpost.com/real-estate/toronto-condo-market-recovery-will-rebound-last

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   Why is the Toronto condo market slowing down?

   • As the Toronto condo market faces a major slowdown, Pasalis said there are two major trends occurring. One is that sales have fallen due partly to the fact that end users are facing challenges when buying units and “investors have largely disappeared.” “And on top of that, we have a lot of investors selling. They’re exiting the market.

   Toronto’s condo market to ‘get worse’ as pre-construction starts

   www.bnnbloomberg.ca/business/real-estate/2024/08/15/torontos-condo-market-to-get-worse-as-pre-construction-starts-falling-off-a-cliff-expert/

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   Why are Toronto's condo sales so high?

   • A big reason for this is Toronto’s glut of condos up for sale, said Rishi Sondhi, an economist with TD Economics. Over the past year condo listings have climbed to about 30 per cent above normal levels, while sales are 25 per cent lower than before the pandemic.

   Toronto condo market faces biggest pullback in two decades | Financia…

   financialpost.com/news/toronto-condo-market-faces-biggest-pullback-two-decades

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3. Top Stories

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4. financialpost.com › news › toronto-condo-marketToronto condo market faces biggest pullback in two decades ...

   financialpost.com › news › toronto-condo-market

   Sep 9, 2024 · Even with the retrenchment, condo prices are still about 20 per cent above pre-pandemic levels. All in all, TD expects condo prices to continue to fall, keeping average home price growth in Toronto and by extension Ontario “subpar” into next year. But there are risks on both sides.

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6. www.cbc.ca › news › canadaNew condo sales drop 47% year-to-date as would-be buyers ...

   www.cbc.ca › news › canada

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   Nov 3, 2023 · Condo sales in the Greater Toronto Area dropped 47 per cent in 2023, to a 10-year low, according to a report from Urbanation.

7. www.cbc.ca › radio › frontburnerWhy are so many Toronto condos sitting empty? | CBC Radio

   www.cbc.ca › radio › frontburner

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   Aug 8, 2024 · Some condos in Toronto are now sitting empty for six to seven months, despite an ongoing housing crisis in the country. John Pasalis has been looking into why this is happening.

8. financialpost.com › real-estate › toronto-condoToronto's condo market shows signs of recovery, but will ...

   financialpost.com › real-estate › toronto-condo

   May 4, 2023 · Condo sales in the City of Toronto slowed to a trickle to end 2022, but the market showed signs of bouncing back in the first quarter of 2023, data from the Toronto Regional Real Estate Board showed. Now the question is whether that recovery has legs.

9. www.blogto.com › 10 › toronto-condo-sales-tankingToronto condo sales are tanking and experts are concerned

   www.blogto.com › 10 › toronto-condo-sales-tanking

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   Oct 4, 2023 · Overall sales of condo apartments and townhouses in the GTA year-to-date (January to August) are off last year's pace by 12.8 per cent at 18,263, compared to the 20,948 units sold during the...

10. toronto.ctvnews.ca › toronto-condo-sales-were-downToronto condo sales were down nearly 20 per cent in second ...

    toronto.ctvnews.ca › toronto-condo-sales-were-down

    Jul 26, 2024 · Toronto condo sales were down nearly 20 per cent during the second quarter of the year as elevated interest rates continued to weigh on the market. New data released by the Toronto Regional...