Condo listings have soared across seven large urban centres since January.

The Greater Toronto Hamilton Area new condo market reported 567 sales in Q3-2024, the lowest quarterly total since 1995.

While overall activity has declined, condo supply continues to remain very constrained in the primary GTA markets. However, new pre-construction launches continue to be very popular.

Those seeking more affordable housing options are finding a cure-all in the condo market, which offers affordability, availability, amenities, and neighbourhood liveability.

The new condo market in the GTA has not only fully recovered from a pandemic slump, but reached record sales in the second quarter of 2021.

Condos have appreciated more than any other housing type in the GTA when comparing the average price from the housing peak in 2017 to today.

In tech-giant style, PRIME will offer 4,000 square feet of Facebook-inspired outdoor and indoor co-working space and an expansive 24-hour fitness facility.

The Greater Toronto Area’s condo market hasn’t emerged completely unscathed. But it’s not all bad news.

In the shadow of a possible second wave, realtors forge ahead with the new reality of buying and selling condos.

Tighter condo market conditions were reported over the past year, with new condo listings diving by 11.9 per cent at the end 2019.

Housing activity is expected to rebound in the GTA over the next couple of years, with condo apartments leading the way in sales and construction.

It's becoming harder for renting Canadians to make a move to condos. This is according to an RBC housing report that indicates the high price of single-family housing is driving demand for condos and creating intense affordability pressures.

There were 35,074 new condominium units sold across the GTA in 2017, up 30 per cent compared to 2016, according to Urbanation’s 2017 condo market results.

According to a report from Sal Guatieri of BMO Financial Group, the number of unsold condo units in Toronto soared to levels not seen in 21 years this January. Guatieri, a Senior Economist at BMO, predicts that the rise in unsold condos, which reached 1,602 units, will slow the increase of new condo prices.

Statistics gathered in September marked 2014 as a record-breaking year for condo completions in Toronto, according to an article from the Toronto Star by George Carras, President at RealNet Canada Inc. (RealNet). Completions in the first nine months of the year broke the previous year’s record of 16,668 units. Carras attributes this growth to intensification policies and growth plans introduced in Ontario in 2005.

Year-to-date sales growth in Calgary’s condominium market is breaking records, according to data collected by the Calgary Real Estate Board (CREB). Throughout the region, all housing types experienced a growth in year-to-date sales. However, condominium apartment and townhouse sales are currently standing at record levels, with a combined increase exceeding 19 per cent.