Toronto Experiencing Severe Housing Downturn, only 118 New Condos Sell in August: Report

Toronto experiencing severe housing downturn, only 118 new condos sell in August: report

A building association in the Greater Toronto Area (GTA) is calling for government intervention as they say new home sales in the region remain at 'rock bottom levels.'

A housing ‘drought’ is coming, Toronto homebuilders warn — as only 118 new condos sell in August

Toronto saw only 300 sales of new homes last month, more than 1,000 below the 10-year-average.

Toronto condo sales collapse highlights Ford’s housing failure

Language English News Content: Toronto condo sales collapse highlights Ford’s housing failure   TORONTO – Ontario NDP Shadow Minister for Housing Catherine McKenney (Ottawa Centre) released the following statement in response to warnings from homebuilders that new condo sales in Toronto have collapsed by 90 per cent compared to the 10-year average:  “Only 118 condos sold in Toronto last month. The homebuilders' association is sounding the alarm…

GTA New Home Market At "Rock Bottom" With Sales 80% Below Historic Average

The continued downtrend in new home sales comes as economic uncertainty collides with a general lack of affordability, both to buy and build new homes in the region.