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GTA Condominium Market Q1

New condo sales declined 58% in 2018 from a record high.
New launch prices grew by 56% over the past two years to surpass $1,000 psf in Toronto.
Annual growth in condo resale prices and condo rents moderated in Q4 to below 7%.
A record 22,000 new condos are scheduled for completion in 2019.
Purpose-built rentals under construction reached a 30-year high of 11,905 units.

Source Urbanation

March 21, 2019/by Mahyar Rezapour

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GTA Condominium Market Q1

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