Tag: toronto condo market
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Ontario Housing Starts Could Fall Near 20-Year Lows in 2026
Ontario’s housing supply problem could get worse before it gets better. According to CMHC’s 2026 Housing Market Outlook, overall housing starts in Ontario are projected to fall to near two-decade lows in 2026, largely because of very weak condominium pre-construction sales. That could create a major challenge for affordability, especially in a province already struggling…
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GTA Condo Market Hits Historic Slowdown As Only 246 New Condos Sold In Q1
Toronto’s condo market is continuing to face major pressure in 2026, and new data suggests conditions may be reaching historic lows. According to Urbanation data, only 246 new condos sold across the entire Greater Toronto Area during the first quarter of 2026. At the same time, more than 4,300 completed condo units reportedly remained unsold.…
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A Real Estate Firm Just Bought $30M Worth of Unsold Toronto Condos as the Market Slows
Toronto’s struggling condo market may be creating new opportunities for large investors. A Canadian real estate company has reportedly purchased roughly $30 million worth of unsold condominium inventory in downtown Toronto as the GTA condo market continues facing weaker demand, slower sales activity, and growing inventory levels. The bulk purchase is adding to growing signs that institutional…
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Canada’s Banking Regulator Warns Banks About Condo Mortgage Appraisals as Prices Fall
Canada’s banking regulator is raising concerns about how some mortgage approvals are being handled as condominium prices decline across major cities like Toronto and Vancouver. New documents obtained by Reuters show that the Office of the Superintendent of Financial Institutions (OSFI) warned major Canadian banks about the risks of using “blanket appraisals” for condo mortgages…
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Toronto Condo Market in “Recession” as Supply Outpaces Demand, BMO Says
Toronto’s condominium market is facing one of its most challenging periods in years, according to a new analysis from BMO Capital Markets. Economists at the bank say the Greater Toronto Area condo sector is effectively in a housing recession, with falling prices, weak sales, and a large pipeline of supply that buyers and investors are…
Canada Housing Market 