Will the preconstruction condo market ever bounce back? Submit a question to our experts
Click here to submit a question to our Q+A. If you’re an app user, click on the comment icon on the top right of your screen.
This year, preconstruction condo sales in Toronto are at their lowest level since the 1990s. As they become less and less profitable, investors – who made up the majority of buyers – are leaving the market in droves, leading developers to cancel projects and leaving buyers with mortgages worth more than the value of the property.
Categories
Recent Posts
Vancouver area saw fewest home sales in more than two decades in 2025: board
'Like a Swiss army knife': This $5.5-million luxury home on a Toronto ravine boasts a large hangar door, glass bridge
'List in the new year and sell by spring.' Toronto-area home prices are set to drop in 2026 — and could wipe out six years of price gains
B.C. home grant threshold falls for first time since 2020, as Vancouver values drop
Calgary housing market closed out 2025 with 14% fewer home sales in December: board
Where’s the housing market headed in 2026? Keep an eye on these seven charts
This west-end apartment was corroding from the inside. Here's Toronto's plan to save it
Calgary homeowner sells over asking using conditional offer as leverage
House hunter trumps two other bidders for North York detached
This $9-million Rosedale home is a bold blend of historic and modern luxury: 'Like you are walking back in time'
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "