Brandon Donnelly
Brandon Donnelly
Last year was the slowest year for new condominium sales in Toronto since 1996
Here's some unsurprising but important news via Urbanation. New condominium apartment sales last year totalled 4,590 homes. This is a 78% decline compared to the latest 10-year average of 20,835 homes, and the slowest year for new condo sales in the Greater Toronto and Hamilton Area (GHTA) since 1996. See above chart.Only 802 new condominium apartments were sold in Q4-2024.Six projects launched in Q4-2024, totalling 1,829 homes, of which only 10% were sold. A total of 1,506 new condominium apa..