Why 5,314 Sales Only? The Collapse of Toronto’s New Home Market
Автор: Property Daily
Загружено: 2026-03-06
Просмотров: 1212
Описание:
The numbers are in, and they are worse than anyone predicted. In 2025, new home sales in the Greater Toronto Area plummeted to historic lows, with condo sales dropping a staggering 89% from their 10-year average. But it’s not just a Toronto problem. Across Ontario and British Columbia, the two engines of Canada’s economy, residential construction has effectively hit a standstill.
In this video, we break down the latest data from CMHC, BILD, and various industry experts to explain why developers are walking away from projects and why "presales" have essentially vanished in Metro Vancouver. From skyrocketing development charges to a "cost-to-build" crisis that has added nearly $100,000 to the price of a standard home, we look at the systemic failures that have left the next generation of Canadians behind. While the rest of the country continues to build, Ontario and BC are falling off a cliff—and the consequences could last for a decade.
Disclaimer: The information provided in this video is for educational and informational purposes only and does not constitute financial, investment, or real estate advice. Real estate markets are highly volatile and subject to change. Always conduct your own research and consult with a qualified professional before making any financial decisions. The data presented is based on reports available as of early 2026.
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