3 w. ago
There's still one place in the Toronto area where condo prices are skyrocketing
Condo prices in Ontario are dropping at alarming rates as inventory skyrockets, projects are scrapped, and new construction starts fall off a cliff. However, there is still one pocket of the Greater Toronto Area (GTA) where homeowners and investors are cashing in on runaway real estate values.Toronto homeowners have been hard-hit by downward market trends in 2025, with year-over-year declines that have sellers in the city often offloading units at a loss. However, the latest September data from the Toronto Regional Real Estate Board and analysis from Zoocasa show that Toronto had it comparatively easy over other GTA municipalities, while one locale in the region actually saw condo prices soar at surprising rates this year.Toronto's condo market continues to adjust to a severe drop in demand and a sharp uptick in supply. The average condo price in Canada's largest city declined by a shocking $26,802 year over year, a 3.8 per cent drop over Sept. 2024, sliding f...
Economics