GTHA Condo Buyers Enjoy Most Affordable Market in 35 Years

The Greater Toronto and Hamilton Area condo market hit a 35-year low in Q3 2025, with only 319 units sold, down 54% from last year and 92% below the 10-year average. Condo project cancellations reached a record high, with 18 projects and 4,040 units canceled this year. New construction starts dropped 77%, causing a supply crunch. National home sales also declined, but prices may stabilize by year-end.