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The Toronto condo market is facing unprecedented challenges in 2024. With new preconstruction projects struggling to sell and sales plummeting, developers are resorting to desperate measures. Discover why only 20 new projects have launched this year, and how many are failing to reach 50% sold.

Learn about the drastic 70% drop in quarterly sales and the impact on construction starts, which have fallen by 52%. Understand the tactics developers are using to try to boost sales, and why many projects are now on hold.

We’ll also dive into the waiting game being played by both developers and individual investors, as they hope for interest rates to drop and the market to recover.

Join us for an indepth look at the Toronto condo market crisis and what it means for the future.

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