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- The Greater Toronto Hamilton Area (GTHA) new condominium market reported 1,688 sales in Q2-2024, down 66% year-over-year and falling 70% below the 20-year average.
www.urbanation.ca/news/slowest-first-half-gtha-new-condo-sales-27-years
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The Toronto Regional Real Estate Board (TRREB) reports provide valuable data that helps understand recent sales and price trends in the Toronto condo market. The market has faced a significant downturn, with a 44% decline in condo sales in 2023 compared to the previous year.
Aug 15, 2024 · 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.
Aug 22, 2024 · In July 2024, home sales in the Greater Toronto Area were up compared to last year—up by 3.3%, to be exact. That’s 5,391 homes sold through TRREB’s MLS® System. And here’s the kicker: new listings shot up even more, by a whopping 18.5% year-over-year.
Mar 29, 2024 · The Toronto condo market in 2024 is poised for a transformative year, with several trends shaping the future of real estate in Canada’s largest city. First and foremost, a shift towards sustainability and eco-friendly living is becoming increasingly pronounced.
Dec 8, 2023 · As we embark on the journey to understand the future of the Toronto condo market, this article aims to address two critical questions: When will the Toronto real estate market crash, and what are the forecasts for Toronto real estate prices in 2024 and 2025?
GTA new condo sales fall. Screenshot courtesy of Urbanation. Their Greater Toronto Hamilton Area (GTHA) new condominium market reported sales of condos fell 66% to 1,688 sales in Q2-2024, and they’ve fallen 70% below the 20-year average.
Apr 22, 2024 · The Greater Toronto Hamilton Area (GTHA) new condominium market reported 1,461 sales in Q1-2024, the lowest quarterly total since the Global Financial Crisis in Q1-2009 (884 sales). Outside of that brief period in early 2009, new condominium sales haven’t been this low since the late-1990s.
