The Most Splendid Housing Bubbles in Canada, March 2025: Sales Plunge, Supply Surges, Overall Prices Drop to Multi-Year Lows, Driven by Toronto

The Most Splendid Housing Bubbles in Canada, March 2025: Sales Plunge, Supply Surges, Overall Prices Drop to Multi-Year Lows, Driven by Toronto

But in some metros, prices continued to spike. By Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Halifax, Edmonton, Winnipeg, Quebec City.

New condo sales hit 30-year low as construction starts stall in the Golden Horseshoe

It was a tough first quarter for new condo sales in the Greater Toronto Hamilton Area (GTHA), with activity falling to levels not seen in decades. According to a new Urbanation report, only 533 new condo apartments were sold in the first quarter (Q1) of 2025—a 62 per cent drop year-over-year, and 88 per cent below the 10-year average. That’s the lowest quarterly total since 1995, and in the City of Toronto had its weakest performance since 1990,…