08/16/2023
The Price of New Condominiums in Greater Toronto Area Drops for First Time in a Decade
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The average price of a new condominium in the Greater Toronto Area (GTA) has dropped by 2.2%, marking the first annual price drop in 10 years. New condo sales in the GTA dropped by 35%, with 4,610 units sold, which is a decade low. Developers launched 27 pre-sale projects in the second quarter of 20...