What is wrong with Toronto condo market?

Описание: Condo sales in Toronto have seen a drastic decline, with some reports indicating a 75% drop in Toronto between 2022 and Q1 2025. This has led to a substantial increase in inventory, with months of supply for pre-construction condominiums in Q1 2025 being over 14 times higher than in 2022. This oversupply means it could take years to sell the available stock at the current rate. New home sales, particularly for condos, have hit record lows, with some months seeing only dozens of sales in the entire city