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1. • 32,000 condos

     • Nearly 32,000 condos will hit the city and surrounding suburbs, according to data from condo research firm Urbanation Inc. That surpasses the previous high in 2020, when 22,473 units were completed.
     www.theglobeandmail.com/business/article-real-estate-slow-sales-preconstruction-condos/

     Record number of condos to flood Toronto market in 2023

2. People also ask

   Should you buy a condo in Toronto?

   • Last Updated June 25, 2024 11:43 am. There’s a record number of Toronto condominiums on the market right now, and despite record immigration, and an ever-worsening housing crisis, nobody seems to want to buy them. Diana Zlomislic is a housing reporter for The Toronto Star.

   Inside Toronto’s slumping condo market - CityNews Toronto

   toronto.citynews.ca/2024/06/25/inside-torontos-slumping-condo-market/

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   What percentage of Toronto condos are owned by investors?

   • According to the newly-released numbers from StatCan, a total of 36 per cent of condos in Toronto — which have an average price of $711,171 in the 416 and $687,696 in the 905 — are owned by investors. In Ontario at large, this figure is a whopping 42 per cent, with more than one in five homes considered an investment property.

   A shocking number of condos in Toronto are owned by people who don't

   www.blogto.com/real-estate-toronto/2023/02/shocking-number-toronto-condos-owned-people-dont-live-them/

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   Are there a record number of homes for sale in Toronto?

   • In the thick of a housing crisis, there is suddenly a record number of homes for sale in Toronto that nobody wants. Near Jarvis and Dundas streets, realtor Jamie Page warned his clients two months ago that their condo’s unobstructed lake views, designer credentials and a balcony might not be enough to quickly bait a buyer.

   Why Toronto has a record number of condos for sale | The Toronto Star

   www.thestar.com/real-estate/the-condo-market-right-now-is-a-ghost-town-toronto-has-a-record-number-of/article_60f20a98-24e0-11ef-8d75-376ea6f76eaf.html

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   Is Toronto's condo market a ghost town?

   • ‘The condo market right now is a ghost town’: Toronto has a record number of units for sale. Here’s why they aren’t selling despite a housing crisis ‘Something is wrong with the market when we have housing nobody wants and homelessness at the same time,’ says Coun. Gord Perks, Toronto’s planning and housing chair.

   Why Toronto has a record number of condos for sale | The Toronto Star

   www.thestar.com/real-estate/the-condo-market-right-now-is-a-ghost-town-toronto-has-a-record-number-of/article_60f20a98-24e0-11ef-8d75-376ea6f76eaf.html

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3. 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.

4. www.blogto.com › real-estate-toronto › 2023A shocking number of condos in Toronto are owned by people ...

   www.blogto.com › real-estate-toronto › 2023

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   Feb 7, 2023 · According to the newly-released numbers from StatCan, a total of 36 per cent of condos in Toronto — which have an average price of $711,171 in the 416 and $687,696 in the 905 — are owned by...

   • Author: Becky Robertson

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6. www.thestar.com › real-estate › the-condo-marketWhy Toronto has a record number of condos for sale

   www.thestar.com › real-estate › the-condo-market

   Jun 14, 2024 · The condo market in Toronto has more units up for sale than ever before, and the majority of them are small and investor-owned.

7. toronto.citynews.ca › 2024/06/25 › inside-torontosInside Toronto’s slumping condo market - CityNews Toronto

   toronto.citynews.ca › 2024/06/25 › inside-torontos

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   Jun 25, 2024 · There’s a record number of Toronto condominiums on the market right now, and despite record immigration, and an ever-worsening housing crisis, nobody seems to want to buy them. Diana...

8. www.thestar.com › business › torontos-new-condoToronto’s ‘catastrophic’ condo market. Sales at 27-year lows

   www.thestar.com › business › torontos-new-condo

   Jul 19, 2024 · According to an Urbanation report, just 3,159 new condo units were sold in the first half of 2024 in the Greater Toronto and Hamilton Area, down 57 per cent from the same time a year ago.

9. www.thestar.com › business › toronto-s-condoCondo city? Toronto is just getting started - The Toronto Star

   www.thestar.com › business › toronto-s-condo

   Mar 11, 2023 · Toronto’s condo explosion is just getting started: A record 100 towers could go up every year — and these neighbourhoods will be most impacted. New legislation and planned “transit-oriented...

10. storeys.com › unsold-new-condos-record-high-gtaUnsold New Condo Inventory Surges To “Record High” In GTA

    storeys.com › unsold-new-condos-record-high-gta

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    Feb 2, 2024 · Urbanation reported on Thursday that 22,477 new condominium units went unsold in the GTA in the final quarter of the year. That number marks a “record high” and is up 41% year over year. The Toronto-based research and consulting firm said that new condo inventory was equal to 21.2 months of supply in the quarter, which is “roughly double ...