2024 Toronto condo sales plunge to a 27-year low, with a 57% decline from last year and 72% below the 10-year average.
Toronto condo sales plunge to 27-year low in the first half of 2024, with 3,159 new units sold, a 57% decline from the same period last year and 72% below the 10-year average, according to Urbanation Inc.'s Q2-2024 Condominium Market Survey. Despite high demand for housing, buyers remain cautious due to expensive asking prices and high borrowing costs, leading to the slowest first half for new condo sales since 1997.
July 18, 2024
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