Condos in Toronto region headed for a crunch as fewer start construction
As new condominium sales in the Toronto region fall to levels not seen since the deep economic recessions of the early 1990s and construction starts fall off a cliff, developers are warning that – if something doesn’t change – housing shortages are only going to intensify in the coming years.
New research from real estate analysis company Urbanation Inc. suggests that after a few years of record-high deliveries of new condo housing units, the annual arrival of newly built units could be cut in half by 2027 and slow to 20-year-lows by 2028.
Categories
Recent Posts
Price on Oakville semi trimmed to adjust to slower market
CMHC gives up on goal to reduce prices to 2004 levels, the Home of the Week and more top real estate stories
Large Vancouver condo with a special view gets its asking price
B.C’s rental protection fund a template for federal version
A Toronto home, steeped in childhood memories, is redesigned into finely crafted luxury
Best of nine offers on revamped semi in High Park North goes $196,000 over asking
North York luxury home sells by keeping under $4.5-million mark
Brothers hire Montreal design studio to remake each of their homes
Toronto needs 32,000 more homes a year just to get back to prepandemic affordability, CMHC says
Growing number of renters are waiting for home prices to decline further before buying, report says
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "