New condo sales in the GTA have dropped to its lowest point since 2009
, signalling a potential impact to the construction of new condo projects and eventually “serious supply shortage,” according to a report from a market research firm.
While new condo sales increased 118 per cent quarter-over-quarter, the report released Tuesday from Urbanation Inc. states 4,610 units were sold in the second quarter of 2023 — marking a 35 per cent decrease compared to the same time last year. × Already a Subscriber? Sign in You are logged in Switch accounts kAmu@C E96 7:CDE D:I >@?E9D @7 a_ab[ e[faf 4@?5@ F?:ED H6C6 D@=5 — >2C E96 7:CDE D:I >@?E9D @7 a_aa W`e[afaX 2?5 ca A6C 46?E 564C62D6 7C@> E96 `_\J62C 2G6C286 @7 ``[d`e F?:ED D@=5 — >2C5 G:D:3=6\=8 :?pCE:4=6{6256C3@2C5 25$:K:?8{6256C3@2C5 DF3D4C:36C\9:56 9:556?\AC:?EQ DEJ=6lQ4=62CiC:89EQm p#%xr{t r~}%x}&t$ qt{~( k5:G 4=2DDlQE?E\25D\4@?E2:?6C E6IE\46?E6C Q m k5:G :5lQ2CE:4=6\:?DE@CJ\=6256C3@2C5\aQ...
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