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1. • Exorbitant property, material, labour and tax costs

     • The vast majority of investors are now losing money on units purchased here, disincentivizing any from further entering the market and stalling new builds — builds that developers are struggling to cover in the first place amid what they are calling a crisis of exorbitant property, material, labour and tax costs.
     www.blogto.com/real-estate-toronto/2024/10/toronto-condo-prices-sales-crash/

     Toronto condo prices are dropping fast as sales continue to crash

2. People also ask

   Why is the Toronto condo market slowing down?

   • As the Toronto condo market faces a major slowdown, Pasalis said there are two major trends occurring. One is that sales have fallen due partly to the fact that end users are facing challenges when buying units and “investors have largely disappeared.” “And on top of that, we have a lot of investors selling. They’re exiting the market.

   Toronto’s condo market to ‘get worse’ as pre-construction starts

   www.bnnbloomberg.ca/business/real-estate/2024/08/15/torontos-condo-market-to-get-worse-as-pre-construction-starts-falling-off-a-cliff-expert/

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   Are Canadian condo investors facing a slowdown?

   • John Pasalis, president and broker of Realosophy Realty, joins BNN Bloomberg to discuss challenges for Canadian condo investors. Real estate markets will feel the downstream effects from a slowdown in Toronto’s condo market, according to one real estate expert who expects fewer completions of new units over the next few years.

   Toronto’s condo market to ‘get worse’ as pre-construction starts

   www.bnnbloomberg.ca/business/real-estate/2024/08/15/torontos-condo-market-to-get-worse-as-pre-construction-starts-falling-off-a-cliff-expert/

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   Is the Toronto condo market imploding during a housing crisis?

   • Opinion | The Toronto condo market is imploding during a housing crisis. Here’s how we got into this mess Urbanation reported that just 1,688 condos sold between April and June in the Greater Toronto and Hamilton Area (GTHA), a 66 per cent decline from the same period in 2023, marking the lowest sales rate in a generation.

   How can the condo market implode during a housing crisis?

   www.thestar.com/opinion/contributors/the-toronto-condo-market-is-imploding-during-a-housing-crisis-heres-how-we-got-into/article_914fec7e-45e1-11ef-83a5-0b6b30671a5c.html

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   Why are Toronto's condo investors not buying into new projects?

   • With all the stress in the market, Toronto’s condo investors have had less appetite to buy into new projects. Sales of new units — usually agreed to before construction even starts — plunged to the lowest level since the late 1990s, according to the report.

   Toronto condo investors hit by market at ‘recessionary’ level

   www.bnnbloomberg.ca/business/real-estate/2024/07/25/toronto-condo-investors-hit-by-market-at-recessionary-level/

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   Are Toronto condo sales bouncing back in 2023?

   • Photo by Carlos Osorio/Reuters files Condo sales in the City of Toronto slowed to a trickle to end 2022, but the market showed signs of bouncing back in the first quarter of 2023, data from the Toronto Regional Real Estate Board showed. Now the question is whether that recovery has legs.

   Toronto's condo market shows signs of recovery, but will rebound last

   financialpost.com/real-estate/toronto-condo-market-recovery-will-rebound-last

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   Why did Toronto's new condo sales fall in the first quarter?

   • The CN Tower behind condos in Toronto's Liberty Village. Photo by Cole Burston/The Canadian Press files Sales of new condos in Toronto plunged in the first quarter of 2024 as a rising inventory of unsold units and soaring construction costs put a damper on the once booming market.

   Has the great Toronto condo boom finally hit a wall?

   financialpost.com/real-estate/great-toronto-condo-boom-finally-hit-wall

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3. www.bnnbloomberg.ca › business › real-estateToronto’s condo market to ‘get worse’ as pre-construction ...

   www.bnnbloomberg.ca › business › real-estate

   Aug 15, 2024 · Real estate markets will feel the downstream effects from a slowdown in Toronto’s condo market, according to one real estate expert who expects fewer completions of new units over the next few years.

4. www.thestar.com › opinion › contributorsHow can the condo market implode during a housing crisis?

   www.thestar.com › opinion › contributors

   Jul 22, 2024 · Urbanation reported that just 1,688 condos sold between April and June in the Greater Toronto and Hamilton Area (GTHA), a 66 per cent decline from the same period in 2023, marking the lowest...

5. Videos

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     cp24.com

     Toronto condo market could be heading for slowdown: Report

     4 Oct 2023

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     20:01

     youtube.com

     Toronto Foreclosures Up 400% & Condo Market Crash

     16 Oct 2023

     230.8K views

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     10:02

     financialpost.com

     Has the great Toronto condo boom finally hit a wall?

     23 Apr 2024

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6. therealestateinsider.ca › understanding-the-2024Understanding the 2024 Slowdown in Toronto’s Condo Market

   therealestateinsider.ca › understanding-the-2024

   • Cached

   This blog aims to dissect the slowdown, its underpinnings, and its implications for buyers, sellers, and investors alike. I’ll explore the record number of condo completions, the dynamics of sales and inventory levels, the impact of interest rates, and the evolving market conditions.

7. www.reuters.com › markets › canada-faces-worseningCanada faces worsening home ownership crisis with stalled ...

   www.reuters.com › markets › canada-faces-worsening

   2 days ago · New condo sales were down over 50% in the first half. OTTAWA, Oct 30 - Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically ...

8. financialpost.com › real-estate › great-torontoHas the great Toronto condo boom finally hit a wall?

   financialpost.com › real-estate › great-toronto

   Apr 23, 2024 · Toronto's once booming condo market is facing challenges as construction slows and sales plummet. Find out more.

9. financialpost.com › real-estate › toronto-condoToronto's condo market shows signs of recovery, but will ...

   financialpost.com › real-estate › toronto-condo

   May 4, 2023 · Condo sales in the City of Toronto slowed to a trickle to end 2022, but the market showed signs of bouncing back in the first quarter of 2023, data from the Toronto Regional Real Estate Board showed. Now the question is whether that recovery has legs.

10. www.bnnbloomberg.ca › business › real-estateToronto condo investors hit by market at ‘recessionary’ level

    www.bnnbloomberg.ca › business › real-estate

    Jul 25, 2024 · Sales of new units — usually agreed to before construction even starts — plunged to the lowest level since the late 1990s, according to the report. The condo construction market has also taken a hit, with the slowdown impacting nearly 40,000 jobs since 2022, the report said.