Tag: condo crash
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Toronto’s Condo Crash May Not Bottom Until 2028, TD Warns

Toronto’s condo market continues to struggle through one of its deepest and longest downturns in decades, with some economists warning the correction could continue for years. A new report from TD Economics projects Greater Toronto Area condo prices may not begin a sustained recovery until 2028. The bank estimates prices could ultimately fall between 25%…
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Toronto’s Condo Slump Could Last Years As Thousands Of Units Flood The Market

Toronto’s condo market may face a prolonged slowdown as thousands of newly completed and under-construction units continue entering a market already struggling with weak demand. Industry experts speaking during a recent Urban Land Institute (ULI) Toronto webinar said the Greater Toronto and Hamilton Area (GTHA) condo market remains under significant pressure from elevated inventory levels,…