Toronto seeing ‘historic’ market downturn with just 53 new condos sold in September: BILD - BNN Bloomberg
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Rolling outlet bias
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3,173 articles tracked
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Article Excerpt
New condo sales dropped to a record low for the month of September with just 53 units sold in Toronto last month, according to new data from the Building Industry and Land Development Association.
Citing data from Altus Group, BILD said just 155 condo units were sold across the GTA last month, down 44 per cent from September 2024 and 90 per cent below the 10-year average.
“New home sales across the GTA stumbled to another record low for the month of September,” Edward Jegg, research manager at Altus Group, said in a statement accompanying the report.
“In fact, new home sales are down year-t…
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