According to Ms. Lierman, such supersize luxury remains a minute part of the condo market in Toronto and the wider region.

More trouble in condo land.

Investors pulled back on the market due to higher interest rates, sliding prices, and a mounting inventory of unsold units.

TORONTO — Sales of newly completed condominiums in the Greater Toronto Hamilton Area fell last year to the lowest level since ...

Last year also saw more than twice as many condo projects cancelled than in 2024, according to the new report.

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Toronto new home sales hit a record low in 2025, falling below 1981 levels—and prices are down 25% against lofty inventory.

The condo market in Canada’s two largest cities has experienced significant decline from 2022 to the end of the first quarter of 2025, according to the most recent report from Canada Mortgage and ...