Monday, 7 October 2013

Toronto Apartment Starts Down by 54%

The Toronto condo market is on fire.

New condo sales were the worst in 13 years this past August as new high rise prices continued to stagnate - as they have been since 2011.

The resale condo market in the City caved in this past September as apartment prices fell by 3.7%.

Finally today Statistics Canada released its latest building permits data and the picture is not pretty. Apartment starts in the GTA were falling off the cliff this past August. Specifically they were down by over 54% compared to a year ago.  

But hey, people real estate agents are still debating whether there is a housing bubble in Toronto in the first place.


The information presented on this website is purely for entertainment purposes and should not be considered as an investment advice or any kind of advice at all. Statistics presented on this site are not guaranteed to be accurate, and there could be errors in the information presented on this site. However authors do try to present information as accurately as possible. The opinions of the authors and commentators are just that, opinions! Please always make up your own mind about things in life, and never take things for granted, including on this site. Hope you have a great day!

Contact Me

You can reach the authors of this site by emailing to: torontocondobubble (at) Authors of this website try to cite all their information sources to the best of their abilities. If for some reason you believe we infringed on your copyright, please email us and we will fix it as soon as possible!

Privacy Policy

Please familiarize yourself with our Privacy Policy