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