GTHA New Condominium Developments
Sector: Residential • Location: Toronto and Hamilton, Ontario, Canada
Source: CP24
The Greater Toronto and Hamilton Area (GTHA) new condominium market is experiencing a significant downturn with a 69% decline in new condo sales in the second quarter compared to the previous year. 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 pre
- Status
- Prospective
- Sector
- Residential
- Location
- Toronto and Hamilton, Ontario, Canada
- Updated
- 22 Jul 2026
- Source
- CP24
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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) new condominium market is experiencing a significant downturn with a 69% decline in new condo sales in the second quarter compared to the previous year. 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 latest quarter, representing just under 900 units. Inventory levels are at a record high with 2,478 new condominium apartments completed and available for purchase as of Q2-2025. |
Original sector | Built Sector |
Location
Country | Canada |
State | Ontario |
City | Toronto and Hamilton |
Source
Source | CP24 |
URL |
More Details
Record type | Project |
Sector | Residential |
Article published date | 2025-09-16 |
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