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GTA condo sales drop 47% as would-be buyers priced out

Summary by Ground News
Condo sales have dropped 47 per cent in 2023 to a 10-year low, according to a new report. High interest rates and high sticker prices price out most people, the report says. 40 condo projects set to launch in the GTA have been shelved for the time being.

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CBC NewsCBC News
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GTA condo sales drop 47% as would-be buyers priced out

Condo sales in the Greater Toronto Area dropped 47 per cent in 2023, to a 10-year low, according to a report from Urbanation.

·Canada
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Bias Distribution

  • 100% of the sources lean Left
100% Left

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CBC News broke the news in Canada on Friday, November 3, 2023.
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