Toronto’s Condo Market Downturn May Not Crash Like It Did in the 1990s, Report Says

Toronto Condo Market Downturn Unlikely to Lead to 1990s-Style Crash: CMHC Report

A new report by the Canada Mortgage and Housing Corporation (CHMC) says the recent downturn in Toronto’s condo market is unlikely to lead to a real estate crash similar to that seen in the 1990s, but acknowledges there are similarities to that time period. “We do not assess Toronto’s market as being overbuilt as it was during the 1990s. On the contrary, there is currently a structural shortage of housing, which is expected to help clear any inve…

Toronto preconstruction condo market downturn will reverse, housing agency says

Sales are at a 33-year low, but the Canada Mortgage and Housing Corp. says there are signs that buyers will return

Toronto’s condo market downturn may not crash like it did in the 1990s, report says

Toronto’s weakening condo market may feel similar to the crash of the 1990s, but a new report points to several factors suggesting history may not repeat itself.

GTA condo downturn not likely to be as severe as early ’90s: CMHC

Canada's housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe.

Greater Toronto condo downturn not likely to be as severe as early ‘90s: CMHC

TORONTO - Canada's housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe.