As transactions fall, Toronto condo buyers find their leverage

by Carolyn Ireland

Condominiums facing construction elevators attached to the side of a condominium under construction on Mutual St. are photographed on Aug 29, 2023.

Toronto’s condo market appears increasingly out of kilter this spring as listings swell for compact downtown units while aspiring buyers struggle to afford more generous living spaces.

In March, the segment for condos in the central 416 area code was the weakest in the Greater Toronto Area as transactions fell 15.5 per cent compared with the same month last year, according to Toronto Regional Real Estate Board data.

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