GTHA Condominium Developments
Sector: Commercial • Location: Toronto, Ontario, Canada
Source: CTV News
The Greater Toronto and Hamilton Area (GTHA) condominium market is experiencing a significant downturn with new condo sales declining sharply. Developers have cancelled 21 proposed condominium buildings since the start of 2024, resulting in the loss of 4,412 housing units. Construction starts are collapsing, and only three projects started presales in the recent quarter, representing just under 90
- Status
- Prospective
- Sector
- Commercial, Residential
- Location
- Toronto, Ontario, Canada
- Updated
- 22 Jul 2026
- Source
- CTV News
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Project Information
Participants
| Not available for this record. |
Status
Original status | declining with cancellations |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Greater Toronto and Hamilton Area (GTHA) condominium market is experiencing a significant downturn with new condo sales declining sharply. Developers have cancelled 21 proposed condominium buildings since the start of 2024, resulting in the loss of 4,412 housing units. Construction starts are collapsing, and only three projects started presales in the recent quarter, representing just under 900 units. Inventory levels have soared with a record-high 2,478 new condominium apartments completed and available for purchase as of Q2-2025. |
Original sector | Real Estate |
Location
Country | Canada |
State | Ontario |
City | Toronto |
Source
Source | CTV News |
URL |
More Details
Record type | Project |
Sector | Commercial, Residential |
Article published date | 2025-09-16 |
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